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Asia and Pacific > India

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts x
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Cover IMF Working Papers
Pakistan's Macroeconomic Adjustment and Resumption of Growth, 1999-2004
International Monetary Fund
The main findings are as follows: (1) an increase in private national saving during 2001-03 was the key contributor to the turnaround in Pakistan's external current account during this period; (2) while Pakistan's growth was mainly export-led before 2003-04, it was largely led by domestic demand in 2004, especially consumer demand but also private and public investment; and (3) the structural reforms implemented in Pakistan during the past four years should make the observed strengthening in domestic savings and rise in domestic investment permanent, auguring well for accelerated growth within a sustainable external balance. The country's growth prospects would be further enhanced by a more externally driven growth process, and by an acceleration of structural reforms to further improve productivity and the investment climate.
Keywords:
WP; national income; U.S. dollar; GDP ratio; market price; broad money
Cover Finance & Development
Finance & Development, December 1968
International Monetary Fund. External Relations Dept.
This paper presents highlights of the IMF Meetings in 1968. The main themes of the IMF Annual Meeting were referred to by President Lyndon B. Johnson of the United States in his address at the opening joint session. He described 1968 as “a year of crisis in financial markets,” and the special drawing rights facility as a “major step in international financial cooperation.” Many IMF Governors returned to the theme that the containment of the potentially disruptive consequences of the events of the past year was due chiefly to a remarkable degree of international cooperation and collaboration.
Keywords:
FD; F&D; country; currency; repurchase; IFC investment commitment; fund stand-by arrangement; staff director; central bank open market operations; courses of action; Currencies; Income; Commercial banks; National income; Credit; Caribbean; Africa; North America; Global; North Africa; East Africa; Western Europe
Cover IMF Staff Papers
IMF Staff papers: Volume 6 No. 2
International Monetary Fund. Research Dept.
This paper examines the effect transactions with the IMF have on the monetary situation within a country when the foreign exchange purchased from the IMF is used to meet a balance of payments deficit. In some countries, the national currency counterpart is kept on deposit to the credit of the IMF at the central bank. In other countries, the government substitutes a noninterest-bearing note for the national currency counterpart of a transaction with the IMF. It is with the effects of the latter practice that this paper is primarily concerned. The effect of a balance of payments deficit on the money supply will be offset if credit is expanded to finance a government deficit, investment by business, or spending by consumers. The ultimate effect on the money supply will depend upon how the government deals with the national currency turned over to it by the Exchange Equalization Account. Considerable caution is required in concluding that a balance of payments deficit is likely to be moderate and temporary.
Keywords:
SP; advance deposit; money supply; advance; production; gold production; deposit requirement; on the money money supply; Gold; Imports; National income; Trade balance; Mining sector; Africa