Summer Virtual Institute of Economics Task 03 The Impact of Financial Tsunami on Commodity Prices

We would like to look at the impact of Financial Tsunami on commodity prices. 1. Read http://timeline.stlouisfed.org/pdf/CrisisTimeline.pdf for the timeline of events about the Financial Tsunami. 2. Impact on Commodity Prices (a) Download http://www.imf.org/external/np/res/commod/External_Data.xls from http://www.imf.org/external/np/res/commod/index.aspx. (b) Plot the index of all the commodity prices (with the index = 100 for the common initial time consistent with the inception of the Tsunami) against time in ONE plot (49 lines in total). (c) From the index, summarize the percentage change in commodity prices from the start the Financial Tsunami to the end of 2012. (d) Also briey summarize the changes of the commodity prices over time in less than 500 words (in a text box in Excel sheet). When you are done, please submit your work (Excel le) to our website.