Food Price Volatility and Its Implications for Food Security and Policy

Front Matter....Pages i-xi
Front Matter....Pages 1-1
Volatile and Extreme Food Prices, Food Security, and Policy: An Overview....Pages 3-31
Front Matter....Pages 33-33
Volatile Volatility: Conceptual and Measurement Issues Related to Price Trends and Volatility....Pages 35-57
Drivers and Triggers of International Food Price Spikes and Volatility....Pages 59-82
The Effects of Southern Hemisphere Crop Production on Trade, Stocks, and Price Integration....Pages 83-100
Food Price Changes, Price Insulation, and Their Impacts on Global and Domestic Poverty....Pages 101-113
Alternative Mechanisms to Reduce Food Price Volatility and Price Spikes: Policy Responses at the Global Level....Pages 115-138
Worldwide Acreage and Yield Response to International Price Change and Volatility: A Dynamic Panel Data Analysis for Wheat, Rice, Corn, and Soybeans....Pages 139-165
Food Crisis and Export Taxation: Revisiting the Adverse Effects of Noncooperative Aspect of Trade Policies....Pages 167-179
Front Matter....Pages 181-181
Directional Volatility Spillovers Between Agricultural, Crude Oil, Real Estate, and Other Financial Markets....Pages 183-205
A Roller Coaster Ride: An Empirical Investigation of the Main Drivers of Wheat Price....Pages 207-237
Relative Prices of Food and the Volatility of Agricultural Commodities: Evidence for a Panel of Developing Economies....Pages 239-267
How Strong Do Global Commodity Prices Influence Domestic Food Prices in Developing Countries? A Global Price Transmission and Vulnerability Mapping Analysis....Pages 269-301
Transmission of Food Price Volatility from International to Domestic Markets: Evidence from Africa, Latin America, and South Asia....Pages 303-328
Front Matter....Pages 329-329
India’s Food Security Policies in the Wake of Global Food Price Volatility....Pages 331-352
The Costs and Benefits of Regional Cooperation on Grain Reserves: The Case of ECOWAS....Pages 353-384
Regional Trade and Volatility in Staple Food Markets in Africa....Pages 385-412
ASEAN Food Reserve and Trade: Review and Prospect....Pages 413-433
When Do Prices Matter Most? Rice, Wheat, and Corn Supply Response in China....Pages 435-456
Consistency Between Theory and Practice in Policy Recommendations by International Organizations for Extreme Price and Extreme Volatility Situations....Pages 457-510
Front Matter....Pages 511-511
Access to Information and Price Expectation Errors of Smallholder Farmers: Theory and Empirics....Pages 513-541
Front Matter....Pages 511-511
Coping with Food Price Shocks in Afghanistan....Pages 543-581
Hedging Seasonal Food Price Risks: The Impact of Cereal Banking in the Gambia....Pages 583-601
Stocks and Storage Behavior of Traders in Ghana: Insights from a Trader Survey....Pages 603-626