projections of surplus oil revenues: their recycling and the international economic system

Clemenz, Claude (July 1979) projections of surplus oil revenues: their recycling and the international economic system. Forschungsberichte / Research Memoranda 141

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summary: although at present the main concern in the oil consuming countries is with the pricing issue and the security of oil supplies, the period between 1974-77 was additionally marked by much panic - stricken debate about the ability of the international financial system to manage the smooth recycling of excess oil revenues accruing to opec countries. in the meantime, the system has exhibited enough resourcefulness and flexibility to master the enormous and rapid transfer of income. this paper analyses the means by which this has been achieved; it also presents an estimate of the size of surplus oil revenues expected till 1985. a separate section deals with the differential effects of increased oil prices on the economies of the developed and developing countries.;

Item Type: IHS Series
Status: Published
Date Deposited: 26 Sep 2014 10:34
Last Modified: 01 Apr 2016 14:07
URI: http://irihs.ihs.ac.at/id/eprint/141

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