The great plunge in oil prices: causes, consequences, and policy responses by John Baffes, M. Ayhan Kose, Franziska Ohnsorge, and Marc Stocker published by World Bank (3/2015). “Following four years of relative stability at around $105 per barrel (bbl), oil prices have declined sharply since June 2014 and are expected to remain low for a considerable period of time…This paper addresses four questions at the center of these debates, with particular emphasis on emerging market and developing economies.”
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