Front Matter Page

INTERNATIONAL MONETARY FUND

STAFF PAPERS

Vol. XXI No. 3

NOVEMBER 1974

Contents

• The Financial Implications of Reserve Supply Arrangements

  • John Williamson

• The Behavior of Export Prices for Manufactures

  • jacques r. artus

• Some Evidence on the Effects of Exchange Rate Changes on Trade

  • michael c. deppler

• The Effect of Foreign Exchange Receipts on Imports of Less Developed Countries

  • william l. hemphill

• Import and Export Demand in Developing Countries

  • mohsin s. khan

• The Effect of Exchange Rate Changes on Wages and Prices in the United Kingdom: An Empirical Study

  • morris goldstei

• A Money Multiplier Model for a Developing Economy: The Venezuelan Case

  • deena r. khatkhate, vicente g. galbis and delano p. villanueva

• The Macroeconomic Implications of Wage Retaliation Against Higher Taxation

  • thomas f. dernburg

• An Approach to the Estimation of Inequality in Reserve Distribution

  • duncan ripley and esther c. suss

• Summaries

• Résumés

• Resúmenes

Front Matter Page

STAFF PAPERS

Norman K. Humphreys, Editor

Editorial Committee
Norman K. Humphreys, Chairman	N.S. Narayana Chari
Jacques R. Artus	Charles L. Merwin
W. A. Beveridge	Subimal Mookerjee
Sterie T. Beza	Harilaos Vittas

View Table

Editorial Committee
Norman K. Humphreys, Chairman	N.S. Narayana Chari
Jacques R. Artus	Charles L. Merwin
W. A. Beveridge	Subimal Mookerjee
Sterie T. Beza	Harilaos Vittas

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 acknowledgements.

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