Commodity risk management and finance /
Theophilos Priovolos and Ronald C. Duncan, editors.
- xii, 173 pages : illustrations ; 25 cm.
Includes index
Includes bibliographical references (p. 157-167)
Introduction -- Theophilos Priovolos and Ronald C. Duncan -- Experience with commodity-linked issues / Theophilos Priovolos -- The demand for commodity bonds / Moctar A. Fall -- A review of methods for pricing commodity-linked securities / Theophilos Priovolos -- Pricing commodity bonds using binomial option pricing / Raghuram Rajan -- Optimal external debt management with commodity-linked bands / Robert J. Myers and Stanley R. Thompson -- Integrating commodity and exchange rate risk management : implications for external debt management / Stijn Claessens -- Hedging with commodity-linked bonds under price risk and capital constraints / Richard J. Ball and Robert J. Myers -- Financial instruments for consumption smoothing by commodity-dependent exporters / Brian Wright and David Newbery -- Securitizing development finance : the role of partial guarantees and commodity contingency / Ronald Anderson, Christopher Gilbert, and Andrew Powell -- Conclusion / Theophilos Priovolos and Ronald C. Duncan.
Outlines the advantages that commodity-linked financial measures have in the external financing of developing countries over foreign-currency-dominated, general obligation borrowing or direct foreign investment.