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Commodity price stabilization: Its effects on procedures and consumers
Authors:JDA Cuddy
Institution:The author is with the Commodities Division of UNCTAD, Palais des Nations, CH-1211 Geneva 10, Switzerland
Abstract:While much has been written about instability in commodity markets, relatively little discussion has taken place on the effects of removing or reducing this instability. This paper discusses the theoretical arguments which have been made in the past and makes some more heuristic points as a basis for further research. Further analysis must consider the implications of interdependence and the feedback effects of the global nature of the commodity economy.
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