The Behavior of Non-Oil Commodity Prices

Author/Editor:

Eduardo Borensztein ; Peter Wickham ; Mohsin S. Khan ; Carmen Reinhart

Publication Date:

September 15, 1994

Summary:

This paper analyzes global commodity trends and concludes that the marked decline in real commodity prices of the past decade should be regarded as largely permanent and irreversible. The authors contend that the analysis of commodity prices should be extended to include the role of the breakdown of major international commodity agreements. In addition, the authors analyze how developments in the former Soviet Union have affected commodity supply conditions.

Series:

Occasional Paper No. 112

English

Publication Date:

September 15, 1994

ISBN/ISSN:

9781557754127/0251-6365

Stock No:

S112EA0000000

Format:

Paper

Pages:

77

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