External shocks and stabilization mechanisms /
Eduardo Engel and Patricio Meller, editors.
- Washington, D.C. : Inter-American Development Bank : Distributed by The Johns Hopkins University Press, 1993.
- 261 pages : illustrations ; 23 cm.
"Centers for Research in Applied Economics"--Cover. "CIEPLAN"--Cover.
Includes bibliographical references (p. 249) and index.
Ch. 1. Review of Stabilization Mechanisms for Primary Commodity Exporters / Eduardo Engel and Patricia Meller Ch. 2. Temporary Shocks and Stabilization Mechanisms: The Chilean Case / Miguel Basch and Eduardo Engel Ch. 3. An Optimal Spending Rule Facing Oil Income Uncertainty (Venezuela) / Ricardo Hausmann, Andrew Powell and Roberto Rigobon Ch. 4. Temporary External Shocks and Stabilization Policies for Bolivia / Juan Antonio Morales, Justo Espejo and Gonzalo Chavez Ch. 5. New Financial Instruments: An Introduction to Futures and Options / Rodrigo Valdes
Latin America's economic debate focuses on international price movements of primary commodities. This explores how short-term effects of international commodity price fluctuations can be neutralized. It analyzes two potential stabilization mechanisms: stabilization funds and financial instruments.