" six pitfalls for natural-resource exporters:
" commodity-price volatility
crowding out of manufacturing
rapid currency appreciation
inhibited institutional development
civil war
excessively rapid resource depletion "
dip shit solutions ??
" hedging export earnings via the oil options market
counter-cyclical fiscal policy
delegating sovereign wealth funds to professional managers"
"never been tried at all: "
"denominating bonds in oil prices instead of dollar
to protect against the risk of a price decline "
(who'd buy em ??
speculators would use them as a betters platform )
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not sure what this mean
"choosing commodity-price targeting
as an alternative to
inflation targeting or exchange-rate targeting
for anchoring monetary policy "
if i figure it out i'll append
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at last one state move
that makes sense
" distributing oil revenues directly to the people on a nationwide per capita basis "
i'd tie it to an earned dividend program
