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008 170718s2017 dcu s 000 0 eng d
024 7 10.5089/9781484310175.001|2doi
100 1 Grigoli, Francesco,|eauthor.
245 12 A crude shock :|bexplaining the impact of the 2014-16 oil
price decline across exporters /|cFrancesco Grigoli,
Alexander Herman, Andrew Swistone.
264 1 Washington, D.C :|bInternational Monetary Fund,|c2017.
300 1 online resource (26 pages).
338 online resource|bcr|2rdacarrier
490 1 IMF working paper ;|vWP/17/160
520 "The decline in oil prices in 2014-16 was one of the
sharpest in history, and put to test the resilience of oil
exporters. The authors examine the degree to which
economic fundamentals entering the oil price decline
explain the impact on economic growth across oil exporting
economies, and derive policy implications as to what
factors help to mitigate the negative effects. They find
that pre-existing fundamentals account for about half of
the cross-country variation in the impact of the shock.
Oil exporters that weathered the shock better tended to
have a stronger scal position, higher foreign currency
liquidity buers, a more diversi ed export base, a history
of price stability, and a more exible exchange rate
regime. Within this group of countries, the impact of the
shock is not found to be related to the size of oil
exports, or the share of oil in scal revenue or economic
588 0 Online resource; title from PDF title page (IMF, viewed
Sept. 9, 2019).
650 0 Petroleum products|xPrices.
650 0 Petroleum products|xSupply and demand.
650 0 Foreign exchange|xGovernment policy.
650 7 Foreign exchange|xGovernment policy.|2fast
650 7 Petroleum products|xPrices.|2fast|0(OCoLC)fst01059747
650 7 Petroleum products|xSupply and demand.|2fast
700 1 Swistone, Andrew,|eauthor.
710 2 International Monetary Fund.
776 08 |iPrint Version:|aGrigoli, Francesco.|tA Crude Shock:
Explaining the Impact of the 2014-16 Oil Price Decline
Across Exporters.|dWashington, D.C. : International
830 0 IMF working paper ;|vWP/17/160.
990 INTERNATIONAL MONETARY FUND|bIMF eLibrary|c2021-05-24|yNew