Front Matter

Author(s):
International Monetary Fund
Published Date:
January 1986
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    © 1986 International Monetary Fund

    International Standard Serial Numbers: ISBN 0-939934-73-6

    ISSN 0258-7440

    Price: US$15.00 (US$11.00 to university libraries, faculty members, and students)

    Address orders to:

    External Relations Department

    Attention: Publications

    International Monetary Fund

    Washington, D.C. 20431

    U.S.A.

    Tel: (202)–623-7430 Cable: Interfund

    Contents

    Conventions and Symbols

    A number of standard conventions have been employed in arriving at the projections in the report. It has been assumed that the average real exchange rates for the major currencies of a recent period (March 3–7, 1986) will prevail throughout the balance of 1986 and 1987; that “present” policies of national authorities will be maintained; and that the average price of oil will be $15 a barrel from the second quarter of 1986 to the end of 1987. These are, of course, working assumptions rather than forecasts, and the uncertainties surrounding them add to the margins of error that would in any event be involved in the report’s projections. The estimates and projections themselves are based on statistical information available on or before March 21, 1986.

    The following symbols have been used throughout this report:

    • … to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (e.g., 1984–85 or January–June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (e.g., 1984/85) to indicate a crop or fiscal (financial) year.

    • “Billion” means a thousand million.

    • Minor discrepancies between constituent figures and totals are due to rounding.

    * * *

    It should be noted that the term “country” used in this report does not in all cases refer to a territorial entity that is a state as understood by international law and practice. The terms also covers some teritorial entities that are not states but for which statistical data are maintained and provided internationally on a separate and independent basis.

    Preface

    The Staff Studies for the World Economic Outlook, April 1986, were prepared in the Fund’s Research Department. They have benefited from comments by staff colleagues throughout the Fund as well as by the Fund’s Executive Directors. The views expressed remain the responsibility of the individual authors.

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