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|z 9781451864311
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|a 1018-5941
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|a Tadesse, Helaway.
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|a Weathering the Storm So Far :
|b The Impact of the 2003-05 Oil Shock on Low-Income Countries /
|c Helaway Tadesse, Mark Lewis, Jorg Zeuner, James John.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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|a 1 online resource (33 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the impact of the 2003-05 oil price increase on the balance of payments positions and IMF financing needs of low-income country oil importers. It finds that stronger exports reflecting favorable global conditions, a compression of oil import volumes due to the pass-through of world prices to domestic consumers, and a large increase in capital inflows helped low-income countries cope with the oil price shock. Preliminary data suggest that reductions in oil import volumes have not harmed growth. While fiscal balances generally improved, quasi-fiscal liabilities may be building. Lower demand for IMF assistance may reflect broader trends, but further oil price increases could put pressure on additional countries in 2006 and beyond.
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|a Mode of access: Internet
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|a John, James.
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|a Lewis, Mark.
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|a Zeuner, Jorg.
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|a IMF Working Papers; Working Paper ;
|v No. 2006/171
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2006/171/001.2006.issue-171-en.xml
|z IMF e-Library
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