Preview: How Should Donors Respond to Resource Windfalls in Poor Countries? From Aid to Insurance

How Should Donors Respond to Resource Windfalls in Poor Countries? From Aid to Insurance

Natural resources are being discovered in more countries, both rich and poor. Many of the new and aspiring resource exporters are low-income countries that are still receiving substantial levels of foreign aid. Resource discoveries open up enormous...

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Bibliographic Details
Main Authors:	Dobronogov, Anton, Gelb, Alan, Brant Saldanha, Fernando
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING AGRICULTURE ALLOCATION ALTERNATIVE SCENARIOS ARBITRAGE AVERAGE PRICE BALANCE OF PAYMENTS BANK ACCOUNT BENCHMARK BOND BOND MARKETS BONDS BOOM-BUST CYCLES BORROWER BROKER BROKERAGE BROKERS BUDGET PERFORMANCE CALL OPTION CALL OPTIONS CAPITAL FLOWS CAPITAL GAINS CAPITAL MARKETS CASH FLOW CASH FLOW RISK CASH FLOWS CASH RESERVES CLIMATE COLLATERAL COLLATERAL REQUIREMENTS COMMODITIES COMMODITY COMMODITY MARKETS COMMODITY PRICES COUNTRY RISK CREDIT EXPOSURE CREDIT GUARANTEE CREDIT LINE CREDIT RISK CREDIT RISKS CREDIT-WORTHINESS CREDITOR CREDITWORTHINESS DEFAULTS DEPOSITS DERIVATIVE DERIVATIVE TRANSACTIONS DERIVATIVES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT POLICY DEVELOPMENT PROJECTS DISBURSEMENT DISBURSEMENTS DIVIDEND DIVIDENDS DRAWN DOWN DROUGHT INSURANCE ENTRY POINTS EXOGENOUS SHOCKS EXPECTED VALUE EXPENDITURE EXPENDITURES EXPORTER EXPORTERS EXPORTS EXPOSURE EXTERNAL SHOCKS EXTREME EVENTS FINANCIAL ASSISTANCE FINANCIAL CONTRACT FINANCIAL DEVELOPMENT FINANCIAL FLOWS FINANCIAL INSTRUMENTS FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SUPPORT FINANCIAL TRANSFERS FISCAL POLICY FIXED INCOME FORMAL ANALYSIS FORWARD CONTRACT FORWARD CONTRACTS FUEL PRICES FUTURES FUTURES CONTRACT FUTURES CONTRACTS FUTURES MARKET FUTURES MARKETS GDP GLOBAL FUND GOVERNMENT POLICIES GOVERNMENT REVENUE GOVERNMENT SPENDING HEDGES IMPLIED VOLATILITY INCOME INSTRUMENTS INCOME TAX INCOMES INSTRUMENT INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTRINSIC VALUE INVESTING INVESTMENT MANAGEMENT INVESTMENT PROJECTS LEVEL OF COMMITMENTS LEVEL OF RISK LIABILITY LIQUIDITY LOAN LOAN AGREEMENTS LOCAL CURRENCY LOW-INCOME COUNTRIES LOWER PRICE MACROECONOMIC FLUCTUATIONS MACROECONOMIC LEVEL MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARGIN ACCOUNT MARGIN REQUIREMENTS MARKET CONDITIONS MARKET PRICE MARKET PRICES MATURITY MIDDLE INCOME COUNTRIES MONETARY FUND MORAL HAZARD MULTILATERAL DEVELOPMENT NATIONAL ACCOUNTS NATIONAL INCOME NATURAL DISASTERS NATURAL RESOURCE NATURAL RESOURCES NET COST OIL PRICE OIL PRICES OIL PRODUCTION OIL RESOURCE OIL SECTOR OUTPUT OUTPUT LOSS POLICY IMPLICATIONS PORTFOLIO POWER SECTOR PRESENT VALUE PRICE BAND PRICE BENCHMARKS PRICE CHANGES PRICE FLOOR PRICE INCREASES PRICE INSTABILITY PRICE LEVEL PRICE LEVELS PRICE MOVEMENTS PRICE OF OIL PRICE RISK PRICE RISKS PRICE TRENDS PRICE VARIATION PRICE VARIATIONS PRICE VOLATILITY PRIVATE CAPITAL PRIVATE CAPITAL FLOWS PROBABILITY DENSITY PROBABILITY DISTRIBUTION PRODUCTION COSTS PUBLIC INVESTMENT PURCHASE PRICE PURCHASING PUT OPTION PUT OPTIONS RANDOM WALK REAL EXCHANGE RATE REINSURANCE RESERVE RESERVES RISK EXPOSURES RISK MANAGEMENT RISK NEUTRAL SAVINGS SCENARIOS SET ASIDE SINGLE CALL SPOT MARKET SPOT PRICE SPOT PRICES SUPPLY CONTRACT SWAPS TAX TAX REVENUES TAXATION TECHNICAL ASSISTANCE TOTAL COST TOTAL FACTOR PRODUCTIVITY TRADE DATE TRADES TRADING TRANSACTION TRANSACTION COST TRANSFER PRICE TREASURY VOLATILITIES WEALTH WORLD MARKET WORLD MARKETS WORST-CASE
Online Access:	http://documents.worldbank.org/curated/en/2014/06/19737142/donors-respond-resource-windfalls-poor-countries-aid-insurance http://hdl.handle.net/10986/19372

How Should Donors Respond to Resource Windfalls in Poor Countries? From Aid to Insurance

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