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The global effects of fund-supported adjustment programs

Author: Morris Goldstein
Publisher: Washington, D.C. : International Monetary Fund, 1986.
Series: Occasional paper (International Monetary Fund), no. 42.
Edition/Format:   Print book : International government publication : EnglishView all editions and formats
Summary:
This paper makes four contributions to the analysis of the debate on the global effects of Fund programs. First, it examines the strengths and weaknesses of alternative ways of defining and measuring the effects. Second, it identifies the channels by which policies in program countries might be expected to affect both non-program and other program countries. Third, the paper reviews the empirical evidence on the  Read more...
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Additional Physical Format: Online version:
Goldstein, Morris, 1944-
Global effects of fund-supported adjustment programs.
Washington, D.C. : International Monetary Fund, 1986
(OCoLC)647367750
Material Type: Government publication, International government publication
Document Type: Book
All Authors / Contributors: Morris Goldstein
ISBN: 0939934574 9780939934577
ISSN:0251-6365
OCLC Number: 13451274
Description: vii, 49 pages ; 28 cm.
Series Title: Occasional paper (International Monetary Fund), no. 42.
Responsibility: by Morris Goldstein.

Abstract:

This paper makes four contributions to the analysis of the debate on the global effects of Fund programs. First, it examines the strengths and weaknesses of alternative ways of defining and measuring the effects. Second, it identifies the channels by which policies in program countries might be expected to affect both non-program and other program countries. Third, the paper reviews the empirical evidence on the likely sixe of such "aggregation" or "interdependence" effects of Fund programs. Finally, it discusses the ways in which the Fund currently takes these aggregation and interdependence effects into account, both in the design of stabilization programs and, more broadly, in the advice it gives to member countries.

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