Front Matter

Front Matter Page

Bahram Nowzad. Editor

Sara Kane Assistant Editor

Editorial Committee Bahram Nowzad, Chairman

Bijan B. Aghevli

Mario I. Blejer

Guillermo A. Calvo

Ved P. Gandhi

Peter Isard

Mohsin S. Khan

G. Russell Kincaid

Malcolm D. Knight

Paul R. Masson

Thomas M. Reichmann

V. Sundararajan

Subhash M. Thakur

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Front Matter Page

INTERNATIONAL MONETARY FUND

STAFF PAPERS

Vol. 37 No. 1

MARCH 1990

EDITOR’S NOTE

The Editor invites from contributors outside the Fund brief comments (not more than 1,000 words) on published articles in Staff Papers. These comments should be addressed to the Editor, who will forward them to the author of the original article for reply. Both the comments and the reply will be considered for publication.

The term “country,” as used in this publication, may not refer to a territorial entity that is a state as understood by international law and practice; the term may also cover some territorial entities that are not states but for which statistical data are maintained and provided internationally on a separate and independent basis.

© 1990 by the International Monetary Fund International Standard Serial Number: ISSN 0020-8027

The U.S. Library of Congress has cataloged this serial publication as follows:

International Monetary Fund

Staff papers — International Monetary Fund. v. 1- Feb. 1950-[Washington] International Monetary Fund.

v. tables, diagrc. 23 cm.

Three no. a year. 1950-1977: four no. a year. 1978 Indexes:

Vols. 1-27. 1950-80. 1 v.

ISSN 0020-8027 = Staff papers — International Monetary Fund

1. Foreign exchange—Periodicals. 2. Commerce—Periodicals.

3. Currency question—Periodicals.