Oil prices rose from 2004 to historic highs in mid-2008, only to fall precipitously in the last four months of 2008 and lose all the gains of the preceding four and a half years. The steep price increase from January 2007 to July 2008 was challenging for all economies. While the sharp drop in prices since August 2008 has been welcome news for consumers, the cause of it, the global financial crisis, is not. Moreover, currency depreciation against the...
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INFORMATION
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2009/07/01
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Document de travail (série numérotée)
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51116
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1
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1
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2010/07/01
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Disclosed
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Government response to oil price volatility : experience of 49 developing countries
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energy and water
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