Challenges of low commodity prices for Africa

B.V. Christensen | BIS

This paper discusses the policy choices for African central banks in responding to commodity price declines. The first section illustrates the importance of commodities for African countries. A discussion of the various transmission channels through which commodities impact the economy then follows, with a review of the policy instruments available to counter the impact of commodity price swings on economic growth and employment in both the short and the medium term.

Categories:
Derivatives/Derivatives Exchanges/ Commodities
Pages:
22
Year of publication:
30.09.2016
External Document: