Series: IMF Working Papers
Author(s): Patrick Imam
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2008
Keywords: Terms of trade shocks, microstates, terms of trade, trade shocks, terms of trade shock, trade shock,
We describe unique aspects of microstates-they are less diversified, suffer from lumpiness of investment, they are geographically at the periphery and prone to natural disasters, and have less access to capital mar...