Essays on commodity risk management.

Title: Essays on commodity risk management.
Identifier: AAI3283726
identifier: 3283726
Creator: Zhao, Ge.
Contributor: Adviser: Salih N. Neftci
Date: 2007
Language: English
Publisher: City University of New York.
Subject: Economics, Finance
Abstract: Using a sample consisted of fifteen African commodity-dependent countries, this paper outlines commodity price risk that low income countries were exposed to and discusses the significance of such exposure to the low income countries' fiscal stability. Considering the political issues that are related to implement these commodity risk management strategies, we illustrate how a county exposed to market shocks can hedge against fluctuation in the price of its major export commodities, using futures and options markets at a very low cost.;The discussion suggests that by using modern financial hedging instruments, such as options, we can not only mitigate the commodity price risk, but further foster the initiation of modern financial market in low income countries.
Type: dissertation
Source: PQT Legacy CUNY.xlsx
degree: Ph.D.