Advanced Search
MyIDEAS: Login

The Consequences of a Strong Depreciation of the U.S. Dollar on Agricultural Markets

Contents:

Author Info

  • Charlebois, Pierre
  • Hamann, Nathalie
Registered author(s):

    Abstract

    World prices for basic food commodities increased significantly in 2007-2008, triggering a worldwide food crisis. Among all the factors that contributed to the rise in agricultural prices in 2008, the depreciation of the U.S. dollar relative to other major currencies cannot be overlooked. The currencies of the major players in agricultural markets have shown strong appreciation from 2002 to 2008. The purpose of this study is to determine the effect of a strong depreciation of the U.S. dollar on the world prices of food commodities. Given the current U.S. budget situation, future depreciation is possible. This would again have consequences on world commodity prices and on the competitiveness of different countries. Thus, the final section assesses what would happen if a comparable depreciation in the U.S. dollar occurred in the near future.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://purl.umn.edu/94750
    Download Restriction: no

    Bibliographic Info

    Paper provided by Agriculture and Agri-Food Canada in its series Economic and Market Information with number 94750.

    as in new window
    Length:
    Date of creation: Aug 2010
    Date of revision:
    Handle: RePEc:ags:aaacem:94750

    Contact details of provider:
    Web page: http://www4.agr.gc.ca
    More information through EDIRC

    Related research

    Keywords: depreciation; exchange rate; U.S. dollar; Currencies; AGLINK; world prices; competitiveness; agricultural markets; Demand and Price Analysis; International Relations/Trade; Political Economy;

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ags:aaacem:94750. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.