Arbeitspapier
External Capital Structures and Oil Price Volatility
This paper assesses the extent to which a countrys 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
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Series: IDB Working Paper Series ; No. IDB-WP-107
- Klassifikation
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Wirtschaft
- Thema
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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)
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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