Adjustment Patterns to Commodity Terms of Trade Shocks: The Role of Exchange Rate and International Reserves Policies

115 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Commodity Terms of Trade (2019, unknown): “An alternative often adopted in the literature is to rely on world prices of individual commodities, broad aggregate indices of commodity prices, or country-specific commodity price indices—often called commodity terms of trade (Spatafora and Tytell, 2009; Aizenman et al., 2012).”
Dynamic spillovers between commodity and currency markets (2015, background): “Further, large swings in precious metals’ prices are a source of changes in terms of trade (Aizenman et al., 2012; Pierdzioch et al., 2013), which by turn can trigger changes in the exchange rate (De Gregorio and Wolf, 1994).”
Macroeconomic Performance During Commodity Price Booms and Busts (2012, unknown): “Aizenman, Edwards, and Riera-Crichton (2011) study whether active management of international reserves affects the transmission of international price shocks to real exchange rates, using a sample of Latin American countries.”