- Malcolm Knight, and Mohsin Khan
- Published Date:
- November 1985
© 1985 International Monetary Fund
International Standard Serial Number: ISSN 0251-6365
International Standard Book Number: ISBN 0-939934-55-8
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The following symbols have been used throughout this paper:
… 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., 1979–81 or January–June) to indicate the years or months covered, including the beginning and ending years or months;
/ between years (e.g., 1980/81) to indicate a crop or fiscal (financial) year.
“Billion” means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
This is the first of a group of papers dealing with various aspects of Fund-supported adjustment programs. The other two, The Global Effects of Fund-Supported Adjustment Programs by Morris Goldstein and Fund-Supported Programs, Fiscal Policy, and Income Distribution by the Fiscal Affairs Department, will also be published in the Fund’s Occasional Paper Series. The three papers were the basis for a discussion at a seminar held in the Fund’s Executive Board in September 1985, and the published versions reflect the comments and suggestions made at that time by Executive Directors. The views expressed in the present study are the authors’ alone, however, and should not necessarily be attributed to Executive Directors or to the Fund.
The present paper was prepared in the Research Department of the International Monetary Fund. Its authors are Mohsin S. Khan, Advisor, and Malcolm D. Knight, Chief of the External Adjustment Division. The paper was edited by David D. Driscoll of the Fund’s External Relations Department.