The Behavior of Non-Oil Commodity Prices
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Eduardo Borensztein Mr. Peter Wickham Mr. Mohsin S. Khan Ms. Carmen Reinhart
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 1994
E-ISBN: 9781452734873
P-ISBN(Paperback): 9781557754127
Subject： F726 物价
Language： ENG
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Description
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.