Front Matter

Front Matter

Kyong Huh, Benedicte Christensen, Peter Quirk, and Toshihiko Sasaki
Published Date:
May 1987
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    © 1987 International Monetary Fund

    Library of Congress Cataloging-in-Publication Data

    Floating exchange rates in developing countries.

    (Occasional paper, ISSN 0251-6365; no. 53)

    “May 1987.”

    1. Foreign exchange problem—Developing countries. I. Quirk, Peter J. II. Series: Occasional Paper (International Monetary Fund); no. 53. HG3877.F58 1987 332.4’56’091724 87-3025

    ISBN 0-939934-89-2

    Price: US$7.50 (US$4.50 university libraries, faculty members, and students)

    Address orders to:

    External Relations Department, Publication Services

    International Monetary Fund, Washington, D.C. 20431


    The following symbols have been used throughout this paper:

    • … to indicate that data are not available;
    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
    • – between years or months (e.g., 1984–85 or January–June) to indicate the years or months covered, including the beginning and ending years or months;
    • / between years (e.g., 1985/86) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    Prefatory Note

    This study was prepared by a staff team in the Exchange Restrictions Division in the Exchange and Trade Relations Department of the International Monetary Fund under the direction of Peter J. Quirk, Division Chief.

    In addition to Benedicte Vibe Christensen, Mo Huh, and Toshihiko Sasaki, other contributers were Jorge Bonvicini, Graham Hacche, and Badrul Haque. Information for the study derived from the participation of the staff team and other staff members, both in the Exchange and Trade Relations Department and elsewhere in the Fund, in the formulation of these systems in the individual countries. Research assistance was capably provided by Gene Spiro. The authors also wish to thank the editor, Jennie Lee Carter of the External Relations Department.

    The present study was completed in February 1987, and reflects developments up to January 1987. While the paper has benefited from comments by members of the Executive Board and by other members of the staff of the Fund, the opinions it expresses are those of the authors and do not necessarily represent the views of Executive Directors or of other staff members.

    It is to be noted that the term “country” used in this report does not in all cases refer to a territorial entity that is a state as understood by international law and practice. The term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate independent basis.

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