Contents
Special Drawing Rights: Renaming the Infant Asset
joseph gold
Exchange Rate Stability and Managed Floating: The Experience of the Federal Republic of Germany
jacques r. artus
The Exchange Rate as an Instrument of Policy in a Developing Country
omotunde e.g. johnson
Dual Exchange Markets Versus Exclusive Forward Exchange Rate Support
william h.l. day
The Euro-Currency Market: An Attempt to Clarify Some Basic Issues
andrew d. crockett
A Note on Reserve Use Under Alternative Exchange Rate Regimes
esther c. suss
Integration of Fiscal and Monetary Sectors in Econometric Models: A Survey of Theoretical Issues and Empirical Findings
nurun n. choudhry
The Sensitivity of the Yield of the U.S. Individual Income Tax and the Tax Reforms of the Past Decade
vito tanzi
Fiscal Incentives for Household Saving
william j. byrne
Summaries
Résumés
Resúmenes
Front Matter Page
STAFF PAPERS
Norman K. Humphreys, Editor
Editorial Committee
Norman K. Humphreys, Chairman
Jacques R. Artus
W.A. Beveridge
Sterie T. Beza
Charles L. Merwin
Subimal Mookerjee
Rose S. Porras
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 acknowledgments.
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