Front Matter

Front Matter

G. Kincaid, K. Dillon, Maxwell Watson, and Chanpen Puckahtikom
Published Date:
October 1985
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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., 1979–81 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

/ between years (e.g., 1980/81) 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 and Trade Relations Department of the International Monetary Fund under the direction of K. Burke Dillon, Chief, External Finance Division, and C. Maxwell Watson, Chief, International Capital Markets Division, with G. Russell Kincaid and Chanpen Puckahtikom, Assistant Division Chiefs.

Other principal contributors were Donal Donovan, Luis Duran-Downing, Eliot Kalter, Gumersindo Oliveros, and Bruno de Schaetzen. Peter Joyce and Cyrille Briancon assisted with the statistical material. Research assistance was provided by Can T. Demir and David Hicks. In addition, the study draws on material that had been prepared earlier by other staff of the Fund, especially Eduard Brau, Richard Williams, Peter Keller, and Michael Nowak. Information on the world economic outlook and on trends in capital flows to developing countries are based on material prepared by the Research Department of the Fund. Staff in other departments also provided valuable suggestions. The authors are grateful to the editors, Joslin Landell-Mills and Maxine Stough of the External Relations Department, for their efforts.

The present study was completed in June 1985, and reflects developments up to that time. While the paper has benefited from comments by members of the Executive Board and by other members of the staff of the Fund, opinions expressed 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 document 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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