Changing commodity prices can ‘cushion’ other shocks, Colombian paper says
Commodity price fluctuations ‘counterbalance’ other forces in times of crisis
Changes in commodity prices usually amplify shocks to emerging markets, but helped to counterbalance shocks emitted by the global financial crisis, suggests a Colombian working paper, published on November 18.
In Sharing A Ride On The Commodities Roller Coaster: Common Factors In Business Cycles Of Emerging Markets by Andrés Fernández, Andrés González and Diego Rodríguez, the effect of fluctuating commodity prices on the business cycles of emerging market economies (EMEs) is examined.
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