01776cas a2200241 a 4500 AALejournalIMF001763 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451859416 1018-5941 BD-DhAAL BD-DhAAL Daniel, James. Hedging Government Oil Price Risk / James Daniel. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Many governments are heavily exposed to oil price risk, especially those dependent on revenue derived from oil production. For these governments, dealing with large price movements is difficult and costly. Traditional approaches, such as stabilization funds, are inherently flawed. Oil risk markets could be a solution. These markets have matured greatly in the last decade, and their range and depth could allow even substantial producers, and consumers, to hedge their oil price risk. Yet governments have held back from using these markets, mainly for fear of the political cost and lack of know how. This suggests that the IMF, together with other development agencies, should consider encouraging governments to explore the scope for hedging their oil price risk. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/185 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/185/001.2001.issue-185-en.xml IMF e-Library