Explaining recent metals price swings
作者： F.Gerard Adams , Joaquin Vial
DOI: 10.1016/0301-4207(88)90050-5
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摘要: Abstract Movements of metals prices in the 1980s have often appeared to be ‘out synch’ with economic developments. A model relating exchange rates industrial consumer countries and developing producer is presented. Structural supply demand responses are considered. The diverse rate movements structural supply-demand adjustments help explain fall first seven years decade and, more recently, run up dollar copper other non-ferrous metals.
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