Foreign Exchange Earnings and Price Stabilization Schemes

Resource type
Date created
1971
Authors/Contributors
Abstract
Whether price and output stabilization schemes for primary commodities are likely to increase or decrease foreign exchange earnings from what they would be otherwise is a question of great importance to countries contemplating the formation of such institutional arrangements. This paper sheds some light on this question and clarifies under what circumstances Ragnar Nurkse's assertion is valid that countries will fail to maximize foreign exchange earnings if they do stabilize prices.
Document
Description
This article is reproduced with the permission of the American Economic Association.
Published as
Grubel, H. G.. (1964). Foreign Exchange Earnings and Price Stabilization Schemes. The American Economic Review, 54(4), 378–385.
Publication title
The American Economic Review
Document title
Foreign Exchange Earnings and Price Stabilization Schemes
Date
1964
Volume
54
Issue
4
First page
378
Last page
385
Copyright statement
Copyright is held by the author(s).
Scholarly level
Peer reviewed?
Yes
Language
Member of collection
Attachment Size
Grubel-ForEx.pdf 746.88 KB