Commodity markets not only receive the impact of global shocks, but they transmit them to commodity-dependent countries around the world. This book lucidly explains how these shocks affect commodity ...

However, a natural assumption for developing countries is that fluctuations in real commodity prices have the potential to explain a large share of changes in real exchange rates, given that so many ...

UNCTAD classifies countries as commodity-dependent if the share of primary commodity exports to total merchandise exports exceeds 60 per cent. Based on this working definition of commodity ...