Commodity Risk Management in Liberalizing Economies: Three Case Studies

Ronald W. Anderson, Michel L. Debatisse and Isabelle Tsakok
Additional contact information
Ronald W. Anderson: UNIVERSITE CATHOLIQUE DE LOUVAIN, Department of Economics; CEPR
Michel L. Debatisse: World Bank
Isabelle Tsakok: World Bank

No 1992014, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: This paper reports the result of three separate case studies, each one based on extended field work. The studies are unified by the common issue they seek to investigate : In the passage from a system extensive controls to a market-oriented system an economy may be exposed for the first time to sharp fluctuations in agricultural commodity prices. To what extent is it possible to introduce new institutions to manage the resulting risks without impeding the liberalization process ? More particularly, can risk contracts, such as futures, play a role in such a context ? The three cases studied : citrus in Morocco, cereals in Morocco, and cereals and feedgrains in Poland, provide a rich collection of evidence. On the variety of institutional responses as well as of the untapped potential for market-based risks contracts.

Keywords: commodities; risk; management (search for similar items in EconPapers)
Pages: 86
Date: 1992-06-01
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:1992014

Access Statistics for this paper

More papers in LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Virginie LEBLANC ().