Front Matter Page
STAFF PAPERS
Norman K. Humphreys, Editor
Mary Ellen Lucas
Assistant Editor
Editorial Committee
Norman K. Humphreys, Chairman
Jacques R. Artus
Sterie T. Beza
Eduard H. Brau
Deena R. Khatkhate
Adalbert Knöbl
Anthony Lanyi
M. Ranji P. Salgado
Stephen A. Silard
Alan A. Tait
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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Front Matter Page
INTERNATIONAL MONETARY FUND
STAFF PAPERS
Vol. 29 No. 4
DECEMBER 1982
CONTENTS
Stable Monetary Growth and Exchange Rates as Policy Targets
JAMES M. BOUGHTON
Exchange Rate Variability: Alternative Measures and Interpretation
ANTHONY LANYI and ESTHER C. SUSS
Fiscal Adjustment and Fund-Supported Programs, 1971-80
MARGARET R.KELLY
Debt Capacity and Developing Country Borrowing: A Survey of the Literature
DONOGH C. McDONALD
The Fund Agreement in the Courts—XVIII:The SDR in the Courts
JOSEPH GOLD