Series: IMF Working Papers
Author(s): Peter Wickham , and Carmen Reinhart
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1994
Keywords: commodity prices, export earnings, hedging, terms of trade, commodity agreements
Primary commodities still account for the bulk of exports in many developing countries. However, real commodity prices have been declining almost continuously since the early 1980s and there is evidence of renewed...