The Stabilizing Role of the Compensatory Financing Facility : Empirical Evidence and Welfare Implications »
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 December 1988
Keywords: export earnings, exporters, export shortfalls, fuel exporters
Purchases under the compensatory financing facility, the IMF’s largest special facility, accounted for more than one quarter of total credit extended by the IMF over the period 1976 to 1985. Given the size o...