The Resource Macro-hedging for commodity exporters, prepared by Eduardo Borensztein, Olivier Jeanne, Damiano Sandri, (electronic resource)

Macro-hedging for commodity exporters, prepared by Eduardo Borensztein, Olivier Jeanne, Damiano Sandri, (electronic resource)

Label
Macro-hedging for commodity exporters
Title
Macro-hedging for commodity exporters
Statement of responsibility
prepared by Eduardo Borensztein, Olivier Jeanne, Damiano Sandri
Creator
Contributor
Subject
Language
eng
Summary
This paper uses a dynamic optimization model to estimate the welfare gains of hedging against commodity price risk for commodity-exporting countries. The introduction of hedging instruments such as futures and options enhances domestic welfare through two channels. First, by reducing export income volatility and allowing for a smoother consumption path. Second, by reducing the country's need to hold foreign assets as precautionary savings (or by improving the country's ability to borrow against future export income). Under plausibly calibrated parameters, the second channel may lead to much larger welfare gains, amounting to several percentage points of annual consumption
Related
Member of
Action
digitized
Additional physical form
Online (ebrary)
Cataloging source
CaPaEBR
Characteristic
  • unknown
  • online system or service
Government publication
international or intergovernmental publication
LC call number
HG6024.A3
LC item number
B674 2009eb
Series statement
IMF working paper
Series volume
WP/09/229
Label
Macro-hedging for commodity exporters, prepared by Eduardo Borensztein, Olivier Jeanne, Damiano Sandri, (electronic resource)
Publication
Note
"October 2009."
Antecedent source
file reproduced from an electronic resource
Bibliography note
Includes bibliographical references (pages 25-26)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
000053023548
Dimensions
unknown
Extent
electronic text
File format
multiple file formats
Form of item
online
Isbn
9781451917949
Level of compression
lossless
Media category
computer
Media MARC source
rdamedia
Media type code
c
Quality assurance targets
present
http://library.link/vocab/recordID
.b37208445
Reformatting quality
replacement
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)694141005
  • imf1451917945
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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