Arbeitspapier

External Capital Structures and Oil Price Volatility

This paper assesses the extent to which a country’s external capital structure can aid in mitigating the macroeconomic impact of oil price shocks. Two Caribbean economies highly vulnerable to oil price shocks are considered: an oil importer (Jamaica) and an oil exporter (Trinidad and Tobago). From a risk-sharing perspective, a desirable external capital structure is one that, through international capital gains and losses, helps offset responses of the current account balance to external shocks. It is found that both countries could alter their international portfolio to provide a better buffer against such shocks.

Sprache
Englisch

Erschienen in
Series: IDB Working Paper Series ; No. IDB-WP-107

Klassifikation
Wirtschaft
Thema
Hedging
Oil
Foreign assets and liabilities
International portfolios

Ereignis
Geistige Schöpfung
(wer)
Burger, John D.
Rebucci, Alessandro
Warnock, Francis E.
Warnock, Veronica Cacdac
Ereignis
Veröffentlichung
(wer)
Inter-American Development Bank (IDB)
(wo)
Washington, DC
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Burger, John D.
  • Rebucci, Alessandro
  • Warnock, Francis E.
  • Warnock, Veronica Cacdac
  • Inter-American Development Bank (IDB)

Entstanden

  • 2010

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