Attenuating through Aid the Vulnerability to Price Shocks

Lisa Chauvet, Patrick Guillaumont (patrick.guillaumont@ferdi.fr), Sylviane Guillaumont Jeanneney (sylviane.guillaumont@udamail.fr), Pierre Jacquet and Bertrand Savoye

No 200325, Working Papers from CERDI

Abstract: The purpose of this paper is to examine what kind of global measures may be efficiently implemented to help the developing countries to face price shocks, avoiding the past failures, which needs to take into account the long term trend of the markets. Firstly, we recall the nature of the vulnerability to price shocks: this legitimates to make the dampening of these shocks a reasonable goal for the development cooperation policy. Then, we consider the rationality of some international schemes of insurance or of guarantee which could be implemented through international assistance for countries facing price shocks: this assistance should be provided on a macroeconomic level, in particular through debt management, and on a microeconomic level, for instance through an insurance for the producers. The general principle underlying our proposals is that international assistance can enable developing countries to face price shocks, while taking into account the market signals, by offering a guarantee to these countries provided they respect some management rules.

Pages: 13
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (18)

Published in , 2003, pages

Downloads: (external link)
http://publi.cerdi.org/ed/2003/2003.25.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://publi.cerdi.org/ed/2003/2003.25.pdf [301 Moved Permanently]--> https://publi.cerdi.org/ed/2003/2003.25.pdf)

Related works:
Working Paper: Attenuating through Aid the Vulnerability to Price Shocks (2007)
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:cdi:wpaper:448

Access Statistics for this paper

More papers in Working Papers from CERDI Contact information at EDIRC.
Bibliographic data for series maintained by Vincent Mazenod (webmestre.cerdi@u-clermont1.fr).