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Commodity bonds : a risk management instrument for developing countries (anglais)

In the 1980-86 period commodity earnings fluctuations increased and commodity prices declined sharply, adding to the difficulties of managing the balance sheets of firms in the commodity business. The purpose of this paper is to bring together and review dispersed information on a financial instrument that could prove useful in managing the balance sheets of commodity-producing or commodity-using firms: the commodity bond. This paper reviews the literature...
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