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Vittorio Corbo

Abstract

This volume presents the proceedings of a symposium that was orgainzed jointly by the IMF and the World Bank and held in Washington, D.C. The symposium was organized by Vittorio Corbo, Morris Goldstein, and Mohsin Khan. The papers review the design of, and the economic rationale behind, adjustment programs and examine the best means of helping developing countries achieve balance of payments stability with sustainable economic growth.

Mr. Manuel Guitián

Abstract

This volume presents the proceedings of a symposium that was orgainzed jointly by the IMF and the World Bank and held in Washington, D.C. The symposium was organized by Vittorio Corbo, Morris Goldstein, and Mohsin Khan. The papers review the design of, and the economic rationale behind, adjustment programs and examine the best means of helping developing countries achieve balance of payments stability with sustainable economic growth.

Andreés Bianchi

Abstract

This volume presents the proceedings of a symposium that was orgainzed jointly by the IMF and the World Bank and held in Washington, D.C. The symposium was organized by Vittorio Corbo, Morris Goldstein, and Mohsin Khan. The papers review the design of, and the economic rationale behind, adjustment programs and examine the best means of helping developing countries achieve balance of payments stability with sustainable economic growth.

Paul S. Armington

ANALYSIS of how trade balances could adjust so as to reach given targets would seem to be a fitting task for a model of international trade. The peculiar strength of a trade model is its capacity to reflect the simultaneous interaction among countries’ trade positions as well as the interaction of underlying variables, such as the levels of prices, income, and spending. A model could show, for example, how the forces leading to a specified improvement in one country’s trade balance are at the same time bringing about a corresponding deterioration in the collective position of other countries, and how various types of defensive or cooperative action by these other countries might affect the outcome for the first country.