Front Matter

Front Matter Page

FINANCE & DEVELOPMENT is published quarterly in English, Arabic, Chinese, French, German, Portuguese, and Spanish by the International Monetary Fund and the International Bank for Reconstruction and Development, Washington, DC 20431, USA (USPS 123-250). Second class postage is paid at Washington, DC and at additional mailing offices. • English edition printed at Lancaster Press, Lancaster, PA. • English edition ISSN 0015-1947. • Opinions expressed in articles and other material are those of the authors; they do not necessarily reflect Fund or Bank policy. • New readers who wish to receive Finance & Development regularly should apply in writing to Finance & Development, International Monetary Fund, Washington DC 20431, USA, specifying the language edition and briefly stating the reasons for their request. • The contents of Finance & Development are indexed in Business Periodicals Index, Public Affairs Information Service (PAIS), and Bibliographic Internationale des Sciences Sociales. An annual index of articles and book reviews is carried in the December issue.

Bahram Nowzad

EDITOR

Shuja Nawaz

MANAGING EDITOR

Rachel Weaving

ASSISTANT EDITOR

Maxine Stough

ASSISTANT EDITOR

Richard Stoddard

ART EDITOR

ADVISORS TO THE EDITOR

Mark Allen

Michael P. Dooley

Vinod Dubey

Gregory Ingram

Paul Isenman

Arturo Israel

Anthony Lanyi

Claudio Loser

J.C. Peter Richardson

Alexander Shakow

Alan Tait

David Williams

3 REGIONAL SEMINAR VOLUMES FROM THE IMF

ADJUSTMENT POLICIES AND DEVELOPMENT STRATEGIES IN THE ARAB WORLD,

edited by Said El-Naggar (Price: $12 (paperback), ISBN 0-939934-96-5, 200 pages)

ECONOMIC ADJUSTMENT: POLICIES AND PROBLEMS,

edited by Sir Frank Holmes (Price: $16 (paperback), ISBN 0-939934-98-1, 277 pages)

EXTERNAL DEBT, SAVINGS, AND GROWTH IN LATIN AMERICA,

edited by Ana Maria Martirena-Mantel (Price: $12 (paperback), ISBN 0-939934-95-7, 207 pages)

The proceedings of seminars held by the Fund in the United Arab Emirates, New Zealand, and Argentina, these three volumes review general adjustment issues as well as those arising out of problems concerning particular countries or regions. The papers are, therefore, wide ranging, representing the views of experts on the major concerns of those involved in problems of adjustment and development in many different types of economy.

Available from: Publication Services, Box A-881, International Monetary Fund, 700 19th Street, N.W., Washington, D.C. 20431. U.S.A. Telephone (202) 623-7430

Front Matter Page

  • Financial Markets in Transition

  • Policy Implications of Structural Changes in Financial Markets

    • G. Russell Kincaid

  • Although promoting efficiency, recent changes complicate policymaking

  • New Financing Approaches in the Debt Strategy

    • Klaus Regling

  • A wider array of choices to address debt problems

  • The Changing Japanese Financial System

    • Shinji Takagi

  • Moves toward greater liberalization and their consequences

  • Issues in Financial Sector Reform

    • Delano Villanueva

  • To improve monetary control; to mobilize savings

  • Sequencing the Liberalization of Financial Markets

    • Mario Blejer and Silvia Sagari

  • Open up domestic banking then free capital flows

  • A Glossary of Selected Financial Terms

  • Focus on Africa

  • Educational Development in Sub-Saharan Africa

    • Peter Moock and Dean Jamison

  • Problems and possible solutions

  • External Aid for African Education

    • Ralph Harbison and Aklilu Habte

  • Enhancing the impact of international assistance

  • Family Planning Services in Sub-Saharan Africa

    • Nancy Birdsall and Frederick Sai

  • The role of government

  • Ghana: Toward Successful Stabilization and Recovery

    • Sheetal Chand and Reinold van Til

  • A major recovery program revamps the economy

  • Adjusting Industrial Policy in Sub-Saharan Africa

    • William Steel

  • Efforts to revive industry through greater efficiency

  • New Fund Facility Established

  • Promoting the Private Sector

    • Mary Shirley

  • How the Bank works with member countries toward this end

  • Environmental Assessments

    • John Cleave

  • Why they matter; the Bank’s role

  • Management of Cultural Property in Bank Projects

    • Robert Goodland

  • Books

  • International Capital Movements by Charles Kindleberger

  • Eduardo Borensztein

  • Targets and Indicators edited by John Williamson and Marcus Miller

  • James Boughton

  • Fixing Farm Trade by Robert Paarlberg

  • Anandarup Ray

  • Economics in Perspective by John Kenneth Galbraith

  • Bahram Nowzad

  • Models of Development edited by Lawrence Lau

  • Robert Wade

  • The Value-Added Tax by James McLure Jr.

  • Alan Tait

  • Other books received

  • The Editor welcomes views and comments from readers on the contents of the journal.

  • The contents of Finance & Development may be quoted or reproduced without further permission. Due acknowledgement is requested.

Finance & Development, March 1988
Author: International Monetary Fund. External Relations Dept.