Stabilisation funds, which may need to liquidate their assets on short notice, lack that option.

ECONOMIST: Commodities

Any country that borrows from the new stabilisation funds will have to agree on an adjustment programme with the IMF, just as Greece already has.

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At the end of all of this what we really seem to have now is that the stabilisation funds, the support mechanisms provided by the greenshoe, are now over.

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Stabilisation funds, such as Chile's Economic and Social Stabilisation Fund, smooth out the economic cycle by accumulating revenues from commodity exports when prices are high, and disbursing them when prices drop.

ECONOMIST: Commodities