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The precautionary demand for commodity stocks.

By: Choe, Bourn-Jong.
Material type: materialTypeLabelBookPublisher: Washington : World Bank, 1992Subject(s): International trade | Foreign trade -- Demand -- Commodities. -- Foreign trade -- Demand -- Commodities. -- Foreign trade -- Demand -- CommoditiesSummary: The paper develops a theory of the precautionary demand for commodity stocks. It posits that commodity stocks are held for precautionary purposes by producers, commodities held for precautionary purposes by producers, consumers and intermediate processors.
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