Hidden Bibliographic Details
| Other authors / contributors: | Swistone, Andrew, author.
International Monetary Fund.
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| ISBN: | 1484310179
9781484310175
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| Notes: | Online resource; title from PDF title page (IMF, viewed Sept. 9, 2019).
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| Summary: | "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 activity."--Abstract.
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| Other form: | Print Version: Grigoli, Francesco. A Crude Shock: Explaining the Impact of the 2014-16 Oil Price Decline Across Exporters. Washington, D.C. : International Monetary Fund,2017 9781484310175
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| Standard no.: | 10.5089/9781484310175.001
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