4 Balance of Payments Adjustment and Developing Countries: Some Outstanding Issues
Author: Mr. Tony Killick1
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
BOOK; Fund; country; currency; market; bank; deficit country; demand management; excess demand; absolute poverty; savings ratio; Adjustment process; International liquidity; Balance of payments deficits; Income; Imports; Global

Abstract

THE TERMS “BALANCE OF PAYMENTS ADJUSTMENT” and the “costs” of such adjustment are often used in a very loose and sometimes distorted fashion. References to adjustment and its costs abound in the recent literature but these are almost never defined, even though, on examination, their meaning is far from self evident. An attempt is made in this paper to respond to this deficiency before turning to discuss some problems associated with the design of adjustment programs in developing countries and with the long-term retreat from the notion of adjustment as an international process.

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Cover Problems of international Money, 1972-85
Problems of international Money, 1972-85
Author: International Monetary Fund
ISBN:
9780939934584
Publication Date:
09 Aug 1996
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9780939934584.071
Pages:
201