Front Matter

Front Matter Page



Chair, Editorial Committee


Editor and Deputy Chair


Assistant Editor

Editorial Committee

F. Charles Adams

Mario I. Blejer

Daniel A. Citrin

David J. Goldsbrough

Peter Isard

G. Russell Kincaid

Malcolm D. Knight

Paul R. Masson

Donald J. Mathieson

Susan M. Schadler

Subhash M. Thakur

Howell H. Zee

Among the responsibilities of the International Monetary Fund, as set forth in its Articles of Agreement, is the obligation to “act as a centre for the collection and exchange of information on monetary and financial problems.” Staff Papers makes available to a wider audience papers prepared by the members of the Fund staff. The views presented in the papers are those of the authors and are not to be interpreted as necessarily indicating the position of the Executive Board or of the Fund.

To facilitate electronic storage and retrieval of bibliographic data,Staff Papershas adopted the subject classification scheme developed by the Journal of Economic Literature.

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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 he 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.

© 1995 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, diagrs. 23 cm.

Three no. a year, 1950–1977; four no. a year, 1978–


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.

HG3810.15 332.082 53–35483