Front Matter

Contents

  • The Variability of Velocity and Credit Ceilings

    • EDUARD H. BRAU

  • Monetary Policy and Internal and External Balance

    • VICTOR ARGY

  • Prices and Unemployment in Selected Industrial Countries

    • ERICH SPITÄLLER

  • A Regression Approach to Tax Effort and Tax Ratio Analysis

    • ROY W. BAHL

  • A Theoretical and Empirical Framework for Analyzing the Term Structure of Exchange Rate Expectations

    • MICHAEL G. PORTER

  • Implications of Proposals for Narrowing the Margins of Exchange Rate Fluctuation Between the EEC Currencies

    • MARIE HENRIETTE LAMBERT and PATRICK B. de FONTENAY

  • The Economy of Surinam

    • HERMANN JOSEPH DUDLER, ERHARD FÜRST, MICHIEL HARDON, and MARIE HENRIETTE LAMBERT

  • Résumés

  • Resúmenes

STAFF PAPERS

Norman K. Humphreys, Editor

Editorial Committee

Norman K. Humphreys, Chairman

Roger V. Anderson

W.A. Beveridge

Paul J. Brand

Narayana N.S. Chari

Charles L. Merwin

Subimal Mookerjee

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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