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This paper discusses possible reserve management approaches in the Central African Economic and Monetary Community (CEMAC). The paper looks beyond the region’s current oil crisis and proposes a new approach to international reserve management in the medium term.
We show that US natural gas prices have decoupled from oil prices following substantial institutional and technological changes. We then examine how this interrelationship has evolved in Europe using data for Algeria, one of Europe’s key gas suppliers. Taking into account total gas exports and cyclical conditions in partner countries, we find that gas prices remain linked to oil prices, though the nexus has loosened. Both high oil prices and a modest industrial recovery in partner countries have kept gas exports at low levels in recent years, suggesting changing market forces. The paper then shows how such shifts can have important macroeconomic implications for a big gas exporter such as Algeria.
This paper discusses possible reserve management approaches in the Central African Economic and Monetary Community (CEMAC). The paper looks beyond the region’s current oil crisis and proposes a new approach to international reserve management in the medium term.
Please note this is a Short Discount publication. Access both contact and company information on all 4950 European manufacturers, distributors and agents for 550 electronics components and sub–assembly product classifications throughout West and East Europe in one comprehensive Volume. Applications: • Sourcing of specific product types through local distributors or manufacturers • Location of new regional channels of distribution or identification of new European business partners • Competitor tracking • Sales lead generation Entries include: • Key names executives • Full address, telephone and fax details • Size indications including number of employees • Products • Manufacturers represented and agency status
The ruling party won about half of the seats in the October 2018 municipal elections, but the political landscape is becoming more complex and uncertain, with the competition among the three traditional parties intensifying ahead of the 2020 presidential elections. The economic outlook remains strong, underpinned by robust consumption and investment, but risks are tilted downside. Growth is projected to stay around 71⁄2 percent in 2018–19. Inflation is expected to remain subdued.
The 1941 invasion of the Soviet Union, codenamed Operation Barbarossa, remains one of Nazi Germany’s most significant military campaigns. Executed by Hitler’s Wehrmacht army, this event saw troops from all over Europe defeat the Red Army and temporarily colonize large swathes of Eastern Europe, ultimately laying the groundwork for the Holocaust. In this illuminating re-examination of this multifaceted event, Operation Barbarossa and its Aftermath refocuses our attention on the multiethnic nature of the campaign, shedding light on the role of soldiers from Slovakia, Italy, Romania, and Spain as well as other important issues. This volume highlights how viewing Operation Barbarossa as a multiethnic campaign, rather than a strictly German-Russian conflict, offers new ways of understanding the Holocaust, World War II and the history of European collaboration.
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