Abstract
This article discusses the advantages and disadvantages of grain reserves and grain banks. One important argument against establishing official reserves is that they are more likely to stiffen the barriers to food trade whereas a financial grain bank might be used to reduce those barriers. A regime of trade in which markets for food crops are more open would also be a more integrated world.
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Brandeis University, Department of Economics.
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Weckstein, R.S. Grain bank or grain reserve?. Intereconomics 12, 15–18 (1977). https://doi.org/10.1007/BF02929165
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DOI: https://doi.org/10.1007/BF02929165