Verfügbarkeit: Measures of fiscal risk in hydrocarbon-exporting countries /

Measures of fiscal risk in hydrocarbon-exporting countries /:

"The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, medium-term risks remain high. Fiscal vulnerabilities have increased as a consequence...

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Bibliographische Detailangaben
Hauptverfasser:	Cáceres, Carlos (VerfasserIn), Medina, Leandro, 1978- (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	[Washington, D.C.] : International Monetary Fund, ©2012.
Schriftenreihe:	IMF working paper ; WP/12/260.
Schlagworte:	Petroleum products > Prices. Finance, Public > Middle East. Finance, Public > Africa, North. Produits pétroliers > Prix. Finances publiques > Afrique du Nord. BUSINESS & ECONOMICS > Industries > General. Finance, Public Petroleum products > Prices North Africa Middle East
Online-Zugang:	Volltext
Zusammenfassung:	"The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, medium-term risks remain high. Fiscal vulnerabilities have increased as a consequence of the substantial spending packages that have been implemented in recent years. This has raised break-even prices -that is, the price levels that ensure that fiscal accounts are in balance at a given level of spending - in these countries. This study analyzes such risks and develops measures of fiscal risk stemming from oil price fluctuations. An empirical application to hydrocarbon-exporting countries from the Middle East and North Africa region is included. Additionally, it is noted that countries with large net assets and proven oil reserves are much less vulnerable to fiscal risk than is indicated by standard measures based on break-even prices"--Abstract
Beschreibung:	Title from PDF title page (IMF Web site, viewed November 20, 2012). "Middle East and Central Asia Department"--Page 2 of pdf "October 2012"--Page of pdf
Beschreibung:	1 online resource (21 pages) : color illustrations
Bibliographie:	Includes bibliographical references (pages 18-20).
ISBN:	9781475545005 1475545002 1475598467 9781475598469 1283947889 9781283947886

Internformat

MARC


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520			\|a "The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, medium-term risks remain high. Fiscal vulnerabilities have increased as a consequence of the substantial spending packages that have been implemented in recent years. This has raised break-even prices -that is, the price levels that ensure that fiscal accounts are in balance at a given level of spending - in these countries. This study analyzes such risks and develops measures of fiscal risk stemming from oil price fluctuations. An empirical application to hydrocarbon-exporting countries from the Middle East and North Africa region is included. Additionally, it is noted that countries with large net assets and proven oil reserves are much less vulnerable to fiscal risk than is indicated by standard measures based on break-even prices"--Abstract
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505	8		\|a 3. Probability that Brent Oil Prices Fall below the Break-Even Price (measure I)4. Probability that Brent Oil Prices Fall below the Break-Even Price (measure II); Annex II: Modeling Oil Prices Using Geometric Brownian Motion; Annex III: Stochastic Simulations; 5. Historic and Simulated Real Price of Brent Oil (in logarithm); References.
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Datensatz im Suchindex

DE-BY-FWS_katkey	ZDB-4-EBA-ocn818796986
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any_adam_object
author	Cáceres, Carlos Medina, Leandro, 1978-
author_GND	http://id.loc.gov/authorities/names/n81147862 http://id.loc.gov/authorities/names/no2010040082
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collection	ZDB-4-EBA
contents	Cover; Abstract; Contents; I. Introduction; Figures; 1. Real Break-Even Prices in Selected Middle East and North African Countries; II. Data and Empirical Methodology; 2. Real Brent Oil Price; III. Main Results and Discussion; 3. Probability that Brent Oil Prices Fall below the Break-Even Price (measure I); 4. Probability that Brent Oil Prices Fall below the Break-Even Price (measure II); IV. Conclusion; Annex I: Summary Tables; Tables; 1. Projected Nominal Break-Even Prices in Selected MENA Oil-Exporting Countries; 2. Projected Real Break-Even Prices in Selected MENA Oil-Exporting Countries. 3. Probability that Brent Oil Prices Fall below the Break-Even Price (measure I)4. Probability that Brent Oil Prices Fall below the Break-Even Price (measure II); Annex II: Modeling Oil Prices Using Geometric Brownian Motion; Annex III: Stochastic Simulations; 5. Historic and Simulated Real Price of Brent Oil (in logarithm); References.
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discipline	Wirtschaftswissenschaften
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geographic	North Africa fast Middle East fast
geographic_facet	North Africa Middle East
id	ZDB-4-EBA-ocn818796986
illustrated	Illustrated
indexdate	2024-11-27T13:25:03Z
institution	BVB
institution_GND	http://id.loc.gov/authorities/names/no2004029012
isbn	9781475545005 1475545002 1475598467 9781475598469 1283947889 9781283947886
language	English
oclc_num	818796986
open_access_boolean
owner	MAIN DE-863 DE-BY-FWS
owner_facet	MAIN DE-863 DE-BY-FWS
physical	1 online resource (21 pages) : color illustrations
psigel	ZDB-4-EBA
publishDate	2012
publishDateSearch	2012
publishDateSort	2012
publisher	International Monetary Fund,
record_format	marc
series	IMF working paper ;
series2	IMF working paper ;
spelling	Cáceres, Carlos, author. http://id.loc.gov/authorities/names/n81147862 Measures of fiscal risk in hydrocarbon-exporting countries / Carlos Caceres and Leandro Medina. [Washington, D.C.] : International Monetary Fund, ©2012. 1 online resource (21 pages) : color illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file IMF working paper ; WP/12/260 Title from PDF title page (IMF Web site, viewed November 20, 2012). "Middle East and Central Asia Department"--Page 2 of pdf "October 2012"--Page of pdf "The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, medium-term risks remain high. Fiscal vulnerabilities have increased as a consequence of the substantial spending packages that have been implemented in recent years. This has raised break-even prices -that is, the price levels that ensure that fiscal accounts are in balance at a given level of spending - in these countries. This study analyzes such risks and develops measures of fiscal risk stemming from oil price fluctuations. An empirical application to hydrocarbon-exporting countries from the Middle East and North Africa region is included. Additionally, it is noted that countries with large net assets and proven oil reserves are much less vulnerable to fiscal risk than is indicated by standard measures based on break-even prices"--Abstract Includes bibliographical references (pages 18-20). Print version record. Cover; Abstract; Contents; I. Introduction; Figures; 1. Real Break-Even Prices in Selected Middle East and North African Countries; II. Data and Empirical Methodology; 2. Real Brent Oil Price; III. Main Results and Discussion; 3. Probability that Brent Oil Prices Fall below the Break-Even Price (measure I); 4. Probability that Brent Oil Prices Fall below the Break-Even Price (measure II); IV. Conclusion; Annex I: Summary Tables; Tables; 1. Projected Nominal Break-Even Prices in Selected MENA Oil-Exporting Countries; 2. Projected Real Break-Even Prices in Selected MENA Oil-Exporting Countries. 3. Probability that Brent Oil Prices Fall below the Break-Even Price (measure I)4. Probability that Brent Oil Prices Fall below the Break-Even Price (measure II); Annex II: Modeling Oil Prices Using Geometric Brownian Motion; Annex III: Stochastic Simulations; 5. Historic and Simulated Real Price of Brent Oil (in logarithm); References. English. Petroleum products Prices. http://id.loc.gov/authorities/subjects/sh85100451 Finance, Public Middle East. Finance, Public Africa, North. Produits pétroliers Prix. Finances publiques Afrique du Nord. BUSINESS & ECONOMICS Industries General. bisacsh Finance, Public fast Petroleum products Prices fast North Africa fast Middle East fast Medina, Leandro, 1978- author. https://id.oclc.org/worldcat/entity/E39PCjrrcHj4kgmhDvhTQHmPQq http://id.loc.gov/authorities/names/no2010040082 International Monetary Fund. Middle East and Central Asia Department, issuing body. http://id.loc.gov/authorities/names/no2004029012 has work: Measures of fiscal risk in hydrocarbon-exporting countries (Text) https://id.oclc.org/worldcat/entity/E39PCH488hhVgT9mKyW6Jgd6Dq https://id.oclc.org/worldcat/ontology/hasWork 1-61635-557-3 1-4755-3016-1 IMF working paper ; WP/12/260. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=520724 Volltext
spellingShingle	Cáceres, Carlos Medina, Leandro, 1978- Measures of fiscal risk in hydrocarbon-exporting countries / IMF working paper ; Cover; Abstract; Contents; I. Introduction; Figures; 1. Real Break-Even Prices in Selected Middle East and North African Countries; II. Data and Empirical Methodology; 2. Real Brent Oil Price; III. Main Results and Discussion; 3. Probability that Brent Oil Prices Fall below the Break-Even Price (measure I); 4. Probability that Brent Oil Prices Fall below the Break-Even Price (measure II); IV. Conclusion; Annex I: Summary Tables; Tables; 1. Projected Nominal Break-Even Prices in Selected MENA Oil-Exporting Countries; 2. Projected Real Break-Even Prices in Selected MENA Oil-Exporting Countries. 3. Probability that Brent Oil Prices Fall below the Break-Even Price (measure I)4. Probability that Brent Oil Prices Fall below the Break-Even Price (measure II); Annex II: Modeling Oil Prices Using Geometric Brownian Motion; Annex III: Stochastic Simulations; 5. Historic and Simulated Real Price of Brent Oil (in logarithm); References. Petroleum products Prices. http://id.loc.gov/authorities/subjects/sh85100451 Finance, Public Middle East. Finance, Public Africa, North. Produits pétroliers Prix. Finances publiques Afrique du Nord. BUSINESS & ECONOMICS Industries General. bisacsh Finance, Public fast Petroleum products Prices fast
subject_GND	http://id.loc.gov/authorities/subjects/sh85100451
title	Measures of fiscal risk in hydrocarbon-exporting countries /
title_auth	Measures of fiscal risk in hydrocarbon-exporting countries /
title_exact_search	Measures of fiscal risk in hydrocarbon-exporting countries /
title_full	Measures of fiscal risk in hydrocarbon-exporting countries / Carlos Caceres and Leandro Medina.
title_fullStr	Measures of fiscal risk in hydrocarbon-exporting countries / Carlos Caceres and Leandro Medina.
title_full_unstemmed	Measures of fiscal risk in hydrocarbon-exporting countries / Carlos Caceres and Leandro Medina.
title_short	Measures of fiscal risk in hydrocarbon-exporting countries /
title_sort	measures of fiscal risk in hydrocarbon exporting countries
topic	Petroleum products Prices. http://id.loc.gov/authorities/subjects/sh85100451 Finance, Public Middle East. Finance, Public Africa, North. Produits pétroliers Prix. Finances publiques Afrique du Nord. BUSINESS & ECONOMICS Industries General. bisacsh Finance, Public fast Petroleum products Prices fast
topic_facet	Petroleum products Prices. Finance, Public Middle East. Finance, Public Africa, North. Produits pétroliers Prix. Finances publiques Afrique du Nord. BUSINESS & ECONOMICS Industries General. Finance, Public Petroleum products Prices North Africa Middle East
url	https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=520724
work_keys_str_mv	AT cacerescarlos measuresoffiscalriskinhydrocarbonexportingcountries AT medinaleandro measuresoffiscalriskinhydrocarbonexportingcountries AT internationalmonetaryfundmiddleeastandcentralasiadepartment measuresoffiscalriskinhydrocarbonexportingcountries

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