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Beyond the Curse : Policies to Harness the Power of Natural Resources »
Series: Books
Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
DOI: http://dx.doi.org/10.5089/9781616351458.071
ISBN: 9781616351458
Keywords: natural resource, copper, inflation, commodity prices
Countries with an abundance of natural resources, many of which are in sub-Saharan Africa, often show a record of relatively poor economic performance compared with non-resource-rich countries. The chapters in this...
Front Matter »
Source: Beyond the Curse : Policies to Harness the Power of Natural Resources
Series: Books
Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
ISBN: 9781616351458
Keywords: natural resource, copper, inflation, commodity prices
Countries with an abundance of natural resources, many of which are in sub-Saharan Africa, often show a record of relatively poor economic performance compared with non-resource-rich countries. The chapters in this...
CHAPTER 12 Copper, the Real Exchange Rate and Macroeconomic Fluctuations in Chile »
Source: Beyond the Curse : Policies to Harness the Power of Natural Resources
Series: Books
Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
ISBN: 9781616351458
Keywords: natural resource, copper, inflation, commodity prices
INTRODUCTION Chile is rich in natural resources. The mining sector has been very important historically, and today Chile is the largest producer of copper in the world. But while Chi...
CHAPTER 4 Economic Diversification in Resource-Rich Countries »
Source: Beyond the Curse : Policies to Harness the Power of Natural Resources
Series: Books
Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
ISBN: 9781616351458
Keywords: natural resource, copper, inflation, commodity prices
INTRODUCTION Developing countries as a whole have been remarkably successful in diversifying their economies and their export structures. This process of diversification has taken ma...
CHAPTER 5 Finance and Oil: Is There a Resource Curse? »
Source: Beyond the Curse : Policies to Harness the Power of Natural Resources
Series: Books
Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
ISBN: 9781616351458
Keywords: natural resource, copper, inflation, commodity prices
INTRODUCTION An extensive literature has identified financial sector development as a critical factor in inclusive economic development (see Levine, 2005, and Beck, 2009, for overvie...
CHAPTER 9 Fiscal Policy in Commodity- Exporting Countries: Stability and Growth »
Source: Beyond the Curse : Policies to Harness the Power of Natural Resources
Series: Books
Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
ISBN: 9781616351458
Keywords: natural resource, copper, inflation, commodity prices
INTRODUCTION In the late 1950s, Richard Musgrave made the case for a “three-function framework” which has influenced the way economists approach fiscal policy and its objectives to t...
CHAPTER 10 How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical? »
Source: Beyond the Curse : Policies to Harness the Power of Natural Resources
Series: Books
Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
ISBN: 9781616351458
Keywords: natural resource, copper, inflation, commodity prices
THE PROBLEM OF PROCYCLICALITY Countries dependent on exports of oil, minerals, and other primary commodities tend to have pronounced economic cycles. Although this cyclical variabili...
CHAPTER 2 Natural Resource Endowment: A Mixed Blessing? »
Source: Beyond the Curse : Policies to Harness the Power of Natural Resources
Series: Books
Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
ISBN: 9781616351458
Keywords: natural resource, copper, inflation, commodity prices
INTRODUCTION Economic geography is no longer what it used to be. For a long time, economic geographers studied raw materials and their distribution around the world and assigned cruc...
CHAPTER 11 Natural Resources Management and Financial Stability: Evidence from Algeria »
Source: Beyond the Curse : Policies to Harness the Power of Natural Resources
Series: Books
Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
ISBN: 9781616351458
Keywords: natural resource, copper, inflation, commodity prices
INTRODUCTION After two decades of investment efforts financed primarily through external debt and domestic bank loans, Algerian economic development has remained dependent on hydroca...
CHAPTER 1 Overview »
Source: Beyond the Curse : Policies to Harness the Power of Natural Resources
Series: Books
Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
ISBN: 9781616351458
Keywords: natural resource, copper, inflation, commodity prices
This book is based on a high-level seminar that took place in Algiers on November 4th and 5th, 2010, under the title, “Natural Resources, Finance, and Development: Confronting Old a...