Management of oil windfalls in Mexico
Subtitle: historical experience and policy options for the future
By: Stephen Everhart and Robert Duval-Hernandez.
Contributors: Duval-Hernandez, Robert.; World Bank. Mexico Country Management Unit.; International Finance Corporation. Economics Dept.
Series: Policy research working paper ;; 2592; Policy research working papers (Online) ;; 2592.
Published: 2001
Place of publication: World Bank, Mexico Country Management Unit and International Finance Corporation, Economics Department
Language: eng
Format: Electronic resource
Subjects: Petroleum industry and trade -- Economic aspects -- Mexico.; Petroleum products -- Prices -- Mexico.; Options (Finance) -- Mexico.; Hedging (Finance) -- Mexico.
Description: Policy options for protecting Mexico's economy from volatility in oil revenues without eliminating the benefits from rising prices include a stablilizaton fund and hedging strategies on international markets. A stabilization fund and hedging strategies can complement each other, the fund working as the main receipient of revenues, and the hedging strategies managing short-lived movements in prices. This joint strategy would reduce the size of the fund and the probablility of its going bankrupt.
Notes: Includes bibliographical references (p. 27-32).
Title from title screen as viewed on Sept. 11, 2002.
"April 2001."
Also available in print.
Mode of access: World Wide web.