- Morris Goldstein
- Published Date:
- March 1986
© 1986 International Monetary Fund
International Standard Serial Number: ISSN 0251-6365
International Standard Book Number: ISBN 9780939934577
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Address orders to:
External Relations Department, Attention Publications
International Monetary Fund, Washington, D.C. 20431
The following symbols have been used throughout this paper:
… to indicate that data are not available;
— to indicate that the figure in 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 of 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 second of a group of papers dealing with various aspects of Fund-supported adjustment programs. The other two, Fund-Supported Adjustment Programs and Economic Growth by Mohsin S. Khan and Malcolm D. Knight of the Fund’s Research Department, and Fund-Supported Programs, Fiscal Policy, and Income Distribution by the Fiscal Affairs Department, are also being 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 July 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 author’s 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 by Morris Goldstein. The paper was edited by Joslin Landell-Mills of the Fund’s External Relations Department.
It is to be noted that the term “country” used in this document does not, in all cases, refer to a territorial entity that is a state as understood by international law and practice. The term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate independent basis.