Stabilizing Speculative Commodity Markets

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9780198284727: Stabilizing Speculative Commodity Markets

The collapse of the International Tin Agreement has led to the belief that commodity price intervention is unnecessary and unlikely to succeed. However, as long as Third World producers continue to experience difficulties in obtaining adequate credit, there will be a need for some form of international commodity policy, and stabilization schemes will remain candidates. This book discusses the formulation of such schemes, developing a mathematical model for commodity markets and examining its welfare effects and implications for intervention.

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About the Author:

S. Ghosh, employee, Credit Suisse, First Boston, London. C. L. Gilbert, Fellow, Wadham College, Oxford University. A. J. Hughes Hallett, Professor of Economics, Newcastle University.

Review:

'the most complete, detailed and sophisticated study of the theory of stabilisation of commodity markets, with an application to copper ... convincingly argued and almost a joy to read, particularly those passages and sections which are not too technical'
David E. Hojman, University of Liverpool, Third World Quarterly

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Ghosh, S., Gilbert, C. L., Hughes Hallet
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S. Ghosh; C. L. Gilbert; A. J. Hughes Hallett
Published by Oxford University Press (1987)
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