Learning To Live With Cheaper Oil

Author : Mr.Martin Sommer
Publisher : International Monetary Fund
ISBN 13 : 148437780X
Total Pages : 52 pages
Book Rating : 4.02/5 ( download)

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Download or read book Learning to Live with Cheaper Oil written by Mr.Martin Sommer and published by International Monetary Fund. This book was released on 2016-06-09 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks.

Author : Martin Sommer
Publisher :
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.58/5 ( download)

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Download or read book Learning to Live with Cheaper Oil written by Martin Sommer and published by . This book was released on 2016 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks.

Author : Mehran Kamrava
Publisher : Routledge
ISBN 13 : 1000727092
Total Pages : 196 pages
Book Rating : 4.98/5 ( download)

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Download or read book The “Resource Curse” in the Persian Gulf written by Mehran Kamrava and published by Routledge. This book was released on 2020-05-21 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "Resource Curse" in the Persian Gulf systematically address the little studied notion of a "resource curse" in relation to the Persian Gulf by examining the historical causes and genesis of the phenomenon and its consequences in a variety of areas, including human development, infrastructural growth, clientelism, state-building and institutional evolution, and societal and gender relations. The book explores how across the Arabian Peninsula, oil wealth began accruing to the state at a particular juncture in the state-building process, when traditional, largely informal patterns of shaikhly rule were relatively well established, but the formal institutional apparatuses of the state were not yet fully formed. The chapters show that oil wealth had a direct impact on subsequent developments in these two complementary areas. Contributors discuss how on one hand, the distribution of petrodollars enabled political elites to solidify existing patterns of rule through deepening clientelist practices and by establishing new, dependent clients; and how on the other, rent revenues gave state leaders the opportunity to establish and shape institutions in ways that solidified their political control. The "Resource Curse" in the Persian Gulf will be of great interest to scholars of Middle Eastern studies, focusing on a variety of subject areas, including human development, human resources, clientelism, infrastructural growth, institutional evolution, state-building, and societal and gender relations. This book was originally published as a special issue in the Journal of Arabian Studies.

Author : Suzanne Loftus
Publisher : Rowman & Littlefield
ISBN 13 : 1498586627
Total Pages : 312 pages
Book Rating : 4.27/5 ( download)

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Download or read book After the Fall written by Suzanne Loftus and published by Rowman & Littlefield. This book was released on 2018-10-15 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume examines whether the unexpected decline in the price of oil had a positive or negative impact on the world economy. Bringing in academics, business-leaders and policy-makers from around the globe, authors shed light on the changing international political economy after the fall.

Author : Francesco Grigoli
Publisher : International Monetary Fund
ISBN 13 : 1484311620
Total Pages : 26 pages
Book Rating : 4.22/5 ( download)

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Download or read book A Crude Shock written by Francesco Grigoli and published by International Monetary Fund. This book was released on 2017-07-18 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The decline in oil prices in 2014-16 was one of the sharpest in history, and put to test the resilience of oil exporters. We 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. We 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 fiscal position, higher foreign currency liquidity buffers, a more diversified export base, a history of price stability, and a more flexible 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 fiscal revenue or economic activity.

Author : Mr.Paulo A Medas
Publisher : International Monetary Fund
ISBN 13 : 147554281X
Total Pages : 18 pages
Book Rating : 4.13/5 ( download)

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Download or read book How to Adjust to a Large Fall in Commodity Prices written by Mr.Paulo A Medas and published by International Monetary Fund. This book was released on 2016-09-27 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity prices, some of these countries will need to adjust their budgets to the new reality. In many cases, overall surpluses turn into large fiscal deficits and borrowing costs tend to rise with the fall in commodity prices. This note discusses how to undertake large fiscal adjustments, which often tend to be protracted and with long-lasting impacts on growth. Consequently, the note also highlights how to better prepare for future booms and busts in commodity prices.

Author : Mehran Kamrava
Publisher : Oxford University Press
ISBN 13 : 0190934913
Total Pages : pages
Book Rating : 4.10/5 ( download)

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Download or read book Inside the Arab State written by Mehran Kamrava and published by Oxford University Press. This book was released on 2018-08-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2011 Arab uprisings and their subsequent aftermath have thrown into question some of our long-held assumptions about the foundational aspects of the Arab state. While the regional and international consequences of the uprisings continue to unfold with great unpredictability, their ramifications for the internal lives of the states in which they unfolded are just as dramatic and consequential. States historically viewed as models of strength and stability have been shaken to their foundations. Borders thought impenetrable have collapsed; sovereignty and territoriality have been in flux. This book examines some of the central questions facing observers and scholars of the Middle East concerning the nature of power and politics before and after 2011 in the Arab world. The focus of the book revolves around the very nature of politics and the exercise of power in the Arab world, conceptions of the state, its functions and institutions, its sources of legitimacy, and basic notions underlying it such as sovereignty and nationalism. Inside the Arab State adopts a multi-disciplinary approach, examining a broad range of political, economic, and social variables. It begins with an examination of politics, and more specifically political institutions, in the Arab world from the 1950s on, tracing the travail of states, and the wounds they inflicted on society and on themselves along the way, until the eruption of the 2011 uprisings. The uprisings, the states' responses to them, and efforts by political leaders to carve out for themselves means of legitimacy are also discussed, as are the reasons for the emergence and rise of Daesh and the Islamic State. Power, I argue, and increasingly narrow conceptions of it in terms of submission and conformity, remains at the heart of Arab politics, popular protests and yearnings for change notwithstanding. Much has changed in the Arab world over the last several decades. But even more has stayed the same.

Author : Samya Beidas-Strom
Publisher : International Monetary Fund
ISBN 13 : 1498320503
Total Pages : 66 pages
Book Rating : 4.04/5 ( download)

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Download or read book Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK written by Samya Beidas-Strom and published by International Monetary Fund. This book was released on 2019-10-11 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi Arabia and the United Kingdom. After accounting for country-specific fiscal and monetary sectors, we estimate their key policy and structural parameters. Our findings suggest that not only has output responded differently to shocks due to differing levels of diversification and structural and policy settings, but also the responses to fiscal consolidation differ: Russia would benefit from a smaller state foot-print, while in Saudi Arabia, unless this is accompanied by structural reforms that remove rigidities, output would fall. We also find that lower oil prices need not be bad news given more oil-intensive production structures. However, lower oil prices have hurt these oil producers as their public finances depend heavily on oil, among other factors. Productivity gains accompanied by ambitious structural reforms, along with fiscal and monetary reforms could support these economies to achieve better outcomes when oil prices fall, including via diversifying exports.

Author : Valeria Talbot (a cura di)
Publisher : Edizioni Epoké
ISBN 13 : 8898014872
Total Pages : 118 pages
Book Rating : 4.73/5 ( download)

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Download or read book The Rising Gulf written by Valeria Talbot (a cura di) and published by Edizioni Epoké. This book was released on 2016-09-09 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last years the Gulf monarchies emerged as assertive players both in the MENA region and in the global context. Relying on their huge energy reserves and financial assets, these states acquired increasing international leverage. On the one hand, the oil monarchies moved eastwards exploiting the opportunity provided by emerging Asian markets to diversify their energy relations and economic interests. On the other, they were prompted by the 2011 uprisings to modify their traditional stance in favour of a more proactive approach that dramatically altered their influence in the region. However, Gulf activism comes at a time when the monarchies are facing important internal and external challenges. In this complex puzzle, the report aims to assess to what extent the rising Gulf monarchies are able to play as key actors at both the regional and the international levels. Are Gulf monarchies adopting sustainable domestic policies in the long-term? How have they extended their influence in the MENA region? How are they reshaping their international relations? How do they act in the world energy market? What are the implications of the Gulf’s new assertiveness for the EU states?

Author : S Erik Offerman
Publisher : World Scientific
ISBN 13 : 981327106X
Total Pages : 391 pages
Book Rating : 4.67/5 ( download)

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Download or read book Critical Materials: Underlying Causes And Sustainable Mitigation Strategies written by S Erik Offerman and published by World Scientific. This book was released on 2019-02-27 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers a new frontier of research in Critical Materials that provides insight in terms of the possible sustainable mitigation strategies, the complexity, broadness and multi-disciplinarity of the subject. By exploring in both 'systems view' and 'in-depth materials view' in light of the circular economy, this book tackles the problem of sustainable usage of materials that is closely intertwined with the energy issue and climate change. Topics covered include: geopolitics of materials, the energy-materials nexus, definitions of the criticality of materials, circular product design, the development of alternative materials (substitution), sustainable mining and recycling.