Contents
STABILIZING AN ECONOMY—A STUDY OF THE REPUBLIC OF KOREA
S. Kanesa-Thasan
COMPULSORY LENDING SCHEMES
A. R. Prest
FISCAL POLICY, DEVELOPMENT PLANNING, AND ANNUAL BUDGETING
Rasheed O. Khalid
WORLD SUMMARY OF INTERNATIONAL TRANSACTIONS, 1961-66
John S. Smith
ECONOMIC INTEGRATION IN CENTRAL AND WEST AFRICA
Bahram Nowzad
PROBLEMS OF BUDGET ANALYSIS AND TREASURY MANAGEMENT IN FRENCH-SPEAKING AFRICA
Petrus J. Van de Ven and Dirk J. Wolfson
A THEORY OF DEMAND FOR PRODUCTS DISTINGUISHED BY PLACE OF PRODUCTION
Paul S. Armington
Résumés
Resúmenes
STAFF PAPERS
ROGER V. ANDERSON, Editor
NORMAN K. HUMPHREYS, Assistant Editor
Editorial Committee
Roger V. Anderson, Chairman
Paul J. Brand
Florence Hodel
Charles L. Merwin
Subimal Mookerjee
Henry C. Murphy
Rudolf R. Rhomberg
Brian Rose
From the Foreword to the first issue:
“Among the responsibilities of the International Monetary Fund, as set forth in the Articles of Agreement, is the obligation to ‘act as a center for the collection and exchange of information on monetary and financial problems,’ and thereby to facilitate ‘the preparation of studies designed to assist members in developing policies which further the purposes of the Fund.’ The publications of the Fund are one way in which this responsibility is discharged.
“Through the publication of Staff Papers, the Fund is making available some of the work of members of its staff. The Fund believes that these papers will be found helpful by government officials, by professional economists, and by others concerned with monetary and financial problems. Much of what is now presented is quite provisional. On some international monetary problems, final and definitive views are scarcely to be expected in the near future, and several alternative, or even conflicting, approaches may profitably be explored. The views presented in these papers are not, therefore, to be interpreted as necessarily indicating the position of the Executive Board or of the officials of the Fund.”
The authors of the papers in this issue have received considerable assistance from their colleagues on the staff of the Fund. This general statement of indebtedness may be accepted in place of a detailed list of acknowledgments.
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Contents of Volume XVI
Authors
Adekunle, Joseph O., and Hannan Ezekiel. The Secular Behavior of Income Velocity: An International Cross-Section Study
African Department Study Group. Financial Arrangements of Countries Using the CFA Franc
Argy, Victor. The Impact of Monetary Policy on Expenditure, with Particular Reference to the United Kingdom
Argy, Victor. Monetary Variables and the Balance of Payments
Armington, Paul S. The Geographic Pattern of Trade and the Effects of Price Changes
Armington. A Theory of Demand for Products Distinguished by Place of Production
Bhatia, Rattan J., Gyorgy Szapary, and Brian Quinn. Stabilization Program in Sierra Leone
Bouter, Arie C., and John S. Smith. The Treatment of Reserves and of Reserve Creation in the Balance of Payments Accounts
Chandavarkar, Anand G., Subimal Mookerjee, and D. J. Cleary. Existing International Banking and Credit Facilities in the ECAFE Region
Cleary, D. J., Subimal Mookerjee, and Anand G. Chandavarkar. Existing International Banking and Credit Facilities in the ECAFE Region
Ezekiel, Hannan, and Joseph O. Adekunle. The Secular Behavior of Income Velocity: An International Cross-Section Study
Francuz, Henryk. The International Bank for Economic Cooperation
Hodjera, Zoran. Basic Balances, Short-Term Capital Flows, and International Reserves of Industrial Countries
Kanesa-Thasan, S. Stabilizing an Economy—A Study of the Republic of Korea
Khalid, Rasheed O. Fiscal Policy, Development Planning, and Annual Budgeting
Lent, George E., and P. D. Ojha. Sales Taxes in Countries of the Far East
Mookerjee, Subimal, Anand G. Chandavarkar, and D. J. Cleary. Existing International Banking and Credit Facilities in the ECAFE Region
Nowzad, Bahram. Economic Integration in Central and West Africa
Ojha, P. D., and George E. Lent. Sales Taxes in Countries of the Far East
Prest, A. R. Compulsory Lending Schemes
Quinn, Brian, Rattan J. Bhatia, and Gyorgy Szapary. Stabilization Program in Sierra Leone
Smith, John S. World Summary of International Transactions, 1961-66
Smith, John S. and Arie C. Bouter. The Treatment of Reserves and of Reserve Creation in the Balance of Payments Accounts
Szapary, Gyorgy, Rattan J. Bhatia, and Brian Quinn. Stabilization Program in Sierra Leone
Van de Ven, Petrus J., and Dirk J. Wolfson. Problems of Budget Analysis and Treasury Management in French-Speaking Africa
White, William H. Lags Between Actual and Reported Fixed Investment
Wolfson, Dirk J., and Petrus J. Van de Ven. Problems of Budget Analysis and Treasury Management in French-Speaking Africa
Titles
Basic Balances, Short-Term Capital Flows, and International Reserves of Industrial Countries. By Zoran Hodjera
Compulsory Lending Schemes. By A. R. Prest
Economic Integration in Central and West Africa. By Bahram Nowzad
Existing International Banking and Credit Facilities in the ECAFE Region. By Subimal Mookerjee, Anand G. Chandavarkar, and D. J. Cleary
Financial Arrangements of Countries Using the CFA Franc. By African Department Study Group
Fiscal Policy, Development Planning, and Annual Budgeting. By Rasheed O. Khalid
The Geographic Pattern of Trade and the Effects of Price Changes. By Paul S. Armington
The Impact of Monetary Policy on Expenditure, with Particular Reference to the United Kingdom. By Victor Argy
The International Bank for Economic Cooperation. By Henryk Francuz
Lags Between Actual and Reported Fixed Investment. By William H. White
Monetary Variables and the Balance of Payments. By Victor Argy
Problems of Budget Analysis and Treasury Management in French-Speaking Africa. By Petrus J. Van de Ven and Dirk J. Wolfson
Sales Taxes in Countries of the Far East. By P. D. Ojha and George E. Lent
The Secular Behavior of Income Velocity: An International Cross-Section Study. By Hannan Ezekiel and Joseph O. Adekunle
Stabilization Program in Sierra Leone. By Rattan J. Bhatia, Gyorgy Szapary, and Brian Quinn
Stabilizing an Economy—A Study of the Republic of Korea. By S. Kanesa-Thasan
A Theory of Demand for Products Distinguished by Place of Production. By Paul S. Armington
The Treatment of Reserves and of Reserve Creation in the Balance of Payments Accounts. By John S. Smith and Arie C. Bouter
World Summary of International Transactions, 1961-66. By John S. Smith
Résumés
Accords financiers des pays dont la monnaie est le franc CFA
Balances de base, flux de capitaux à court terme et réserves internationales des pays industriels
La Banque Internationale de Coopération Economique
Le comportement séculaire de la vitesse des revenus : Etude transversale sur le plan international
Décalages dans le temps entre les investissements fixes effectifs et les investissements déclarès
Facilités bancaires et de crédit internationales existant actuellement dans la région de la CEAEO
Intégration économique en Afrique centrale et occidentale
Politique budgétaire, planification du développement et établissement du budget annuel
La présentation des réserves et de la création de réserves dans les comptes de la balance des paiements
Les problèmes de l’analyse budgétaire et de la gestion du Trésor en Afrique francophone
Programme de stabilisation du Sierra Leone
Récapitulation mondiale des transactions internationales, 1961-66
Les répercussions de la politique monétaire sur les dépenses, en particulier au Royaume-Uni
La stabilisation d’une économie : étude sur la République de Corée
Structure géographique des échanges et incidences des variations de prix
Systèmes d’emprunts forcés
Les taxes sur le chiffre d’affaires dans les pays d’Extrême-Orient
Une théorie de la demande de produits différenciés d’après leur origine
Variables monétaires et balance des paiements
Resúmenes
Balanza básica, corrientes de capital a corto plazo y reservas internacionales de los países industriales
El Banco Internacional de Cooperación Económica
El comportamiento secular de la velocidad-ingreso del dinero: un estudio transversal internacional
Desfases entre la inversión fija declarada y la efectiva
Esquemas de préstamos forzosos
Estabilización de una economía—un estudio sobre la República de Corea
Estructura geográfica del comercio y efectos de la variación de los precios
Facilidades crediticias y bancarias internacionales existentes en países de la CEPALO
El impacto de la política monetaria sobre el gasto, refiriéndose en especial al Reino Unido
Los impuestos sobre las ventas en países del Lejano Oriente
Integratión económica en Africa central y occidental
Ordenamiento financiero de los países que utilizan el franco CFA
Politíca fiscal, planificacón del desarrollo, y presupuestos anuales
Problemas de análisis presupuestario y de administratión de las operaciones de la Tesorería en el Africa de habla francesa
Programa de estabilización en Sierra Leona
Resumen mundial de las transacciones internacionales, 1961-66
Una teoría de la demanda de productos distinguiéndolos según el lugar de productión
El tratamiento de las reservas y de la creación de reservas en las cuentas de la balanza de pagos
Las variables monetarias y la balanza de pagos
Subject Index
(For scheme of classification see Index to Volumes I-XV1, page 45)
B. Balance of Payments
1. Analysis
World Summary of International Transactions, 1961-66. By John S. Smith
The Treatment of Reserves and of Reserve Creation in the Balance of Payments Accounts. By John S. Smith and Arie C. Bouter
Basic Balances, Short-Term Capital Flows, and International Reserves of Industrial Countries. By Zoran Hodjera
C. International Trade
1. International and Commodity studies
A Theory of Demand for Products Distinguished by Place of Production. By Paul S. Armington
The Geographic Pattern of Trade and the Effects of Price Changes. By Paul S. Armington
F. Monetary Systems
2. International Standards and Exchange Markets
Financial Arrangements of Countries Using the CFA Franc. By African Department Study Group
Existing International Banking and Credit Facilities in the ECAFE Region. By Subimal Mookerjee, Anand G. Chandavarkar, and D. J. Cleary
The International Bank for Economic Cooperation. By Henryk Francuz
G. Monetary Analysis
1. General
Monetary Variables and the Balance of Payments. By Victor Argy
2. Individual Techniques and General Empirical Studies
The Secular Behavior of Income Velocity: An International
Cross-Section Study. By Hannan Ezekiel and Joseph O. Adekunle
The Impact of Monetary Policy on Expenditure, with Particular Reference to the United Kingdom. By Victor Argy
3. Trade Cycle Analysis
Lags Between Actual and Reported Fixed Investment. By William H. White
I. Inflation
3. Empirical studies
Stabilizing an Economy—A Study of the Republic of Korea. By S. Kanesa-Thasan
Stabilization Program in Sierra Leone. By Rattan J. Bhatia, Gyorgy Szapary, and Brian Quinn
J. Fiscal Policies
Compulsory Lending Schemes. By A. R. Prest
Fiscal Policy, Development Planning, and Annual Budgeting. By Rasheed O. Khalid
Problems of Budget Analysis and Treasury Management in French-Speaking Africa. By Petrus J. Van de Ven and Dirk J. Wolfson
Sales Taxes in Countries of the Far East. By P. D. Ojha and George E. Lent
K. Economic Policies—Other
Stabilizing an Economy—A Study of the Republic of Korea. By S. Kanesa-Thasan
Economic Integration in Central and West Africa. By Bahram Nowzad
Financial Arrangements of Countries Using the CFA Franc.
By African Department Study Group
Stabilization Program in Sierra Leone. By Rattan J. Bhatia, Gyorgy Szapary, and Brian Quinn