Weathering the Storm So Far : : The Impact of the 2003–05 Oil Shock on Low-Income Countries / / Helaway Tadesse, Mark Lewis, Jörg Zeuner, James John, Luzmaria Monasi, Paolo Dudine

• Autore: Tadesse Helaway
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (33 p.)
• Soggetto topico: Balance of payments - Developing countries; Petroleum industry and trade - Economic aspects - Developing countries; Petroleum products - Prices; Investments: Energy; Exports and Imports; Macroeconomics; Energy: General; Energy: Demand and Supply; Prices; Trade: General; Current Account Adjustment; Short-term Capital Movements; Investment & securities; International economics; Oil; Oil prices; Imports; Fuel prices; Capital account; Petroleum industry and trade; Balance of payments
• Soggetto geografico: Central African Republic
• Altri autori: LewisMark ZeunerJörg JohnJames MonasiLuzmaria DudinePaolo
• Note generali: "July 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""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""
• Sommario/riassunto: This 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.
• Titolo autorizzato: Weathering the Storm So Far
• ISBN: 1-4623-7906-0; 1-4527-8243-1; 1-283-51810-4; 1-4519-8620-3; 9786613830555
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788695203321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/171