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I. Introduction

I. Introduction »

Source: Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1987

ISBN: 9780939934997

Keywords: exchange rate, balance of payments, aggregate demand, monetary fund, inflation

An adjustment program consists of a comprehensive set of economic measures designed to achieve broad macroeconomic goals, such as an improvement in the balance of payments, a better utilization of productive...

II. Elements of Program Design

II. Elements of Program Design »

Source: Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1987

ISBN: 9780939934997

Keywords: exchange rate, balance of payments, aggregate demand, monetary fund, inflation

In the negotiation of a Fund-supported program, technical analysis and political processes are intimately linked. This section identifies the various technical and political elements that are important in th...

III. A Theoretical Analysis of Financial Programming: Monetary and Fiscal Policy

III. A Theoretical Analysis of Financial Programming: Monetary and Fiscal Policy »

Source: Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1987

ISBN: 9780939934997

Keywords: exchange rate, balance of payments, aggregate demand, monetary fund, inflation

The previous section has described Fund-supported adjustment programs as complex packages of policy measures designed to achieve a viable balance of payments, in the medium term if not in the short term. Whi...

IV. Supply-Side Policies, Exchange Rate Policies, and External Debt Management in Financial Programming

IV. Supply-Side Policies, Exchange Rate Policies, and External Debt Management in Financial Programming »

Source: Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1987

ISBN: 9780939934997

Keywords: exchange rate, balance of payments, aggregate demand, monetary fund, inflation

If the sole objective of a Fund-related adjustment program were simply to secure a short-run improvement in the balance of payments, then policies designed to control aggregate demand, such as the restraint...

Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

Theoretical Aspects of the Design of Fund-Supported Adjustment Programs »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1987

DOI: http://dx.doi.org/10.5089/9780939934997.084

ISBN: 9780939934997

Keywords: exchange rate, balance of payments, aggregate demand, monetary fund, inflation

This paper was originally prepared for a seminar of the Executive Board of the Fund. In the seminar, Executive Directors expressed a broad range of views with regard to both the adequacy of the Fund's approach to f...

Back Matter

Back Matter »

Source: Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1987

ISBN: 9780939934997

Keywords: exchange rate, balance of payments, aggregate demand, monetary fund, inflation

This paper was originally prepared for a seminar of the Executive Board of the Fund. In the seminar, Executive Directors expressed a broad range of views with regard to both the adequacy of the Fund's approach to f...

Front Matter

Front Matter »

Source: Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1987

ISBN: 9780939934997

Keywords: exchange rate, balance of payments, aggregate demand, monetary fund, inflation

This paper was originally prepared for a seminar of the Executive Board of the Fund. In the seminar, Executive Directors expressed a broad range of views with regard to both the adequacy of the Fund's approach to f...

V. Summary and Conclusions

V. Summary and Conclusions »

Source: Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1987

ISBN: 9780939934997

Keywords: exchange rate, balance of payments, aggregate demand, monetary fund, inflation

The design of adjustment programs is a difficult task, involving analysis of a complex and incompletely understood set of economic relationships, as well as hard political decisions. Programs must be aimed t...