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Author Federico, Giulio.
Title Domestic petroleum price smoothing in developing and transition countries / Giulio Federico, James A. Daniel, Benedict Bingham.
Imprint [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., 2001.

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LOCATION CALL # STATUS MESSAGE
 OHIOLINK IMF EBOOKS    ONLINE  
View online
Author Federico, Giulio.
Series IMF working paper ; WP/01/75
IMF working paper ; WP/01/75.
Subject Petroleum products -- Prices -- Developing countries.
Petroleum industry and trade -- Developing countries.
Pricing -- Developing countries.
Hedging (Finance)
Alt Name Daniel, James, 1967-
Bingham, Benedict F. W.
International Monetary Fund. Fiscal Affairs Department.
Description 1 online resource (27 pages)
Bibliography Note Includes bibliographical references (pages 25-27).
Access Use copy Restrictions unspecified star
Reproduction Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
System Details Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
Note digitized 2010 HathiTrust Digital Library committed to preserve pda
Print version record.
Summary This paper examines the case for government-led smoothing of domestic petroleum prices in the face of volatile international prices. Governments in most developing and transition countries engage in petroleum price smoothing, as the survey of country practice carried out for this paper shows. This paper reviews the potential welfare implications of petroleum price volatility, and assesses different price smoothing rules on the basis of historical oil prices. These simulations reveal the presence of a sharp trade-off between price smoothing and fiscal stability, suggesting that developing and transition country governments should engage in limited price smoothing and, if possible, rely on hedging instruments to do so.
ISBN 1451896077
9781451896077
1281405590
9781281405593
OCLC # 647094285
Additional Format Print version: Federico, Giulio. Domestic petroleum price smoothing in developing and transition countries. [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., 2001 (OCoLC)47218660



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