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6 Adjustment Becomes More Complex, 1973–76

6 Adjustment Becomes More Complex, 1973–76 »

Source: Balance of Payments Adjustment, 1945 to 1986 : The IMF Experience

Series: Books

Author(s): Margaret De Vries

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1987

ISBN: 9780939934935

Keywords: payments, balance of payments, debt, current account, deficits

In 1973, such dramatic changes took place in the international monetary system and in the world economy that it was as if a trapdoor opened and everything from the system of the previous three decades sudden...

9 Adjustment Policies and Experiences, 1979—Mid-1982

9 Adjustment Policies and Experiences, 1979—Mid-1982 »

Source: Balance of Payments Adjustment, 1945 to 1986 : The IMF Experience

Series: Books

Author(s): Margaret De Vries

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1987

ISBN: 9780939934935

Keywords: payments, balance of payments, debt, current account, deficits

In 1979, Fund officials, under the leadership of the new Managing Director, undertook to design specific policies for balance of payments adjustment that they felt were appropriate in the troubled circumstan...

Appendix

Appendix »

Source: Balance of Payments Adjustment, 1945 to 1986 : The IMF Experience

Series: Books

Author(s): Margaret De Vries

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1987

ISBN: 9780939934935

Keywords: payments, balance of payments, debt, current account, deficits

Table 1. Summary of Members’ Purchases and Repurchases, Financial Years Ended April 30, 1978–86 (In millions of SDRs)...

Balance of Payments Adjustment, 1945 to 1986
			: The IMF Experience

Balance of Payments Adjustment, 1945 to 1986 : The IMF Experience »

Series: Books

Author(s): Margaret De Vries

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1987

DOI: http://dx.doi.org/10.5089/9780939934935.071

ISBN: 9780939934935

Keywords: payments, balance of payments, debt, current account, deficits

Written by Margaret Garritsen de Vries, former Historian of the IMF, the book describes the policies and activities the IMF has pursued in helping members achieve balane of payments adjustment. Separate treatment i...

Back Matter

Back Matter »

Source: Balance of Payments Adjustment, 1945 to 1986 : The IMF Experience

Series: Books

Author(s): Margaret De Vries

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1987

ISBN: 9780939934935

Keywords: payments, balance of payments, debt, current account, deficits

Written by Margaret Garritsen de Vries, former Historian of the IMF, the book describes the policies and activities the IMF has pursued in helping members achieve balane of payments adjustment. Separate treatment i...

Front Matter

Front Matter »

Source: Balance of Payments Adjustment, 1945 to 1986 : The IMF Experience

Series: Books

Author(s): Margaret De Vries

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1987

ISBN: 9780939934935

Keywords: payments, balance of payments, debt, current account, deficits

Written by Margaret Garritsen de Vries, former Historian of the IMF, the book describes the policies and activities the IMF has pursued in helping members achieve balane of payments adjustment. Separate treatment i...

CHAPTER 5: Conclusions

CHAPTER 5: Conclusions »

Source: Fiscal Risks : Sources, Disclosure, and Management

Series: Departmental Papers / Policy Papers

Author(s): Lusine Lusinyan , Aliona Cebotari , Ricardo Velloso , Jeffrey Davis , Amine Mati , Murray Petrie , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2009

ISBN: 9781589067905

Keywords: Budgets, Debt sustainability, Government expenditures, Fiscal sustainability, Public debt, Risk management, fiscal risks, contingent liabilities, fiscal risk, fiscal transparency

Various types of shocks cause fiscal outcomes to deviate from budgets and expectations—often by large amounts. Evidence presented in this paper has shown that macroeconomic shocks and calls on contingent lia...

CHAPTER 3: Fiscal Risk Disclosure and Management: International Experience

CHAPTER 3: Fiscal Risk Disclosure and Management: International Experience »

Source: Fiscal Risks : Sources, Disclosure, and Management

Series: Departmental Papers / Policy Papers

Author(s): Lusine Lusinyan , Aliona Cebotari , Ricardo Velloso , Jeffrey Davis , Amine Mati , Murray Petrie , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2009

ISBN: 9781589067905

Keywords: Budgets, Debt sustainability, Government expenditures, Fiscal sustainability, Public debt, Risk management, fiscal risks, contingent liabilities, fiscal risk, fiscal transparency

This section analyzes the international experience with respect to fiscal risk disclosure and management. In the area of disclosure, the section reviews international standards and transparency...

CHAPTER 4: Fiscal Risk Disclosure and Management: Lessons

CHAPTER 4: Fiscal Risk Disclosure and Management: Lessons »

Source: Fiscal Risks : Sources, Disclosure, and Management

Series: Departmental Papers / Policy Papers

Author(s): Lusine Lusinyan , Aliona Cebotari , Ricardo Velloso , Jeffrey Davis , Amine Mati , Murray Petrie , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2009

ISBN: 9781589067905

Keywords: Budgets, Debt sustainability, Government expenditures, Fiscal sustainability, Public debt, Risk management, fiscal risks, contingent liabilities, fiscal risk, fiscal transparency

This section draws some broad lessons from the international experience, recognizing that approaches differ on some issues. It then presents a more detailed set of Guidelines for Fiscal Risk Dis...

CHAPTER 1: Introduction

CHAPTER 1: Introduction »

Source: Fiscal Risks : Sources, Disclosure, and Management

Series: Departmental Papers / Policy Papers

Author(s): Lusine Lusinyan , Aliona Cebotari , Ricardo Velloso , Jeffrey Davis , Amine Mati , Murray Petrie , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2009

ISBN: 9781589067905

Keywords: Budgets, Debt sustainability, Government expenditures, Fiscal sustainability, Public debt, Risk management, fiscal risks, contingent liabilities, fiscal risk, fiscal transparency

Fiscal outturns often differ substantially from budget or other fiscal projections, owing to shocks such as deviations of economic growth from expectations, terms of trade shocks, natural disast...