Commodity price fluctuations play a key role in shaping the dynamics of business cycles and the capital flows cycle in EMDEs, and capital flows in EMDEs are related to fluctuations in global risk.
This presentation by Luciana Juvenal explains research on the relationship between commodity price fluctuations in EMDEs and the global financial cycle. It does this by examining the effects of commodity price as a source of shocks on EMDEs, and the role of commodity prices in global shock transmission.
This paper asks: “What is the role played by commodity prices in shaping the business cycle and transmitting the global financial cycle to developing countries?”