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100   $a20020129d2006      uf             0
101 0 $aeng
181   $ctxt
182   $cc
183   $acr
200 10$aWeathering the Storm So Far : $eThe Impact of the 2003?05 Oil Shock on Low-Income Countries /$fHelaway Tadesse, Mark Lewis, Jörg Zeuner, James John, Luzmaria Monasi, Paolo Dudine
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (33 p.)
225 1 $aIMF Working Papers
300   $a"July 2006."
311   $a1-4518-6431-0 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. THE GLOBAL AND HISTORICAL CONTEXT""; ""III. Balance of Payments Impact""; ""IV. FISCAL IMPACT""; ""V. LOOKING FORWARD POSSIBLE VULNERABILITIES""; ""VI. CONCLUSIONS AND IMPLICATIONS FOR DEMAND FOR IMF RESOURCES""; ""APPENDIX I COMPARISON TO OIL SHOCKS OF THE 1970's""; ""APPENDIX II ECONOMETRIC ANALYSIS""
330 3 $aThis paper examines the impact of the 2003-05 oil price increase on the balance of payments positions and IMF financing needs of low-income country oil importers. It finds that stronger exports reflecting favorable global conditions, a compression of oil import volumes due to the pass-through of world prices to domestic consumers, and a large increase in capital inflows helped low-income countries cope with the oil price shock. Preliminary data suggest that reductions in oil import volumes have not harmed growth. While fiscal balances generally improved, quasi-fiscal liabilities may be building. Lower demand for IMF assistance may reflect broader trends, but further oil price increases could put pressure on additional countries in 2006 and beyond.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/171
606   $aBalance of payments$zDeveloping countries
606   $aPetroleum industry and trade$xEconomic aspects$zDeveloping countries
606   $aPetroleum products$xPrices
606   $aInvestments: Energy$2imf
606   $aExports and Imports$2imf
606   $aMacroeconomics$2imf
606   $aEnergy: General$2imf
606   $aEnergy: Demand and Supply$2imf
606   $aPrices$2imf
606   $aTrade: General$2imf
606   $aCurrent Account Adjustment$2imf
606   $aShort-term Capital Movements$2imf
606   $aInvestment & securities$2imf
606   $aInternational economics$2imf
606   $aOil$2imf
606   $aOil prices$2imf
606   $aImports$2imf
606   $aFuel prices$2imf
606   $aCapital account$2imf
606   $aPetroleum industry and trade$2imf
606   $aBalance of payments$2imf
607   $aCentral African Republic$2imf
615  0$aBalance of payments
615  0$aPetroleum industry and trade$xEconomic aspects
615  0$aPetroleum products$xPrices.
615  7$aInvestments: Energy
615  7$aExports and Imports
615  7$aMacroeconomics
615  7$aEnergy: General
615  7$aEnergy: Demand and Supply
615  7$aPrices
615  7$aTrade: General
615  7$aCurrent Account Adjustment
615  7$aShort-term Capital Movements
615  7$aInvestment & securities
615  7$aInternational economics
615  7$aOil
615  7$aOil prices
615  7$aImports
615  7$aFuel prices
615  7$aCapital account
615  7$aPetroleum industry and trade
615  7$aBalance of payments
700   $aTadesse$b Helaway$01558694
701   $aLewis$b Mark$0792112
701   $aZeuner$b Jörg$01558695
701   $aJohn$b James$01558696
701   $aMonasi$b Luzmaria$01558697
701   $aDudine$b Paolo$01451146
712 02$aInternational Monetary Fund.$bPolicy Development and Review Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788695203321
996   $aWeathering the Storm So Far$93823280
997   $aUNINA