IMF Conditionality: Experience Under Stand-By and Extended Arrangements, Part II: Background Papers

ByAdam Bennett, Louis Dicks-Mireaux, Miguel A Savastano, María Vicenta Carkovic S., Mauro Mecagni, Susan M Schadler, James A John

September 29, 1995

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Summary

This paper is part II of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-supported programs and macroeconomic performance during 1988-92, reflecting information available through the end of 1993. Part I (Occasional Paper No. 128) provides an overview of the principal issues and findings and distills the main message for future programs. Part II presents detailed examinations of selected policy issues in five background papers.

Subject: Exchange rate anchor, Financial services, Inflation, Labor, Monetary policy, National accounts, Prices, Private savings, Real interest rates, Wages

Keywords: Africa, bank interest, ESAF arrangement, Europe, Exchange rate anchor, Inflation, Middle East, OP, Private savings, real interest rate, Real interest rates, saving, saving rate, saving-investment balance identity, wage, wage control, Wages, Western Hemisphere

Pages:
164
Volume:
1995
DOI:
https://doi.org/10.5089/9781557755001.084
Issue:
011
Series:
Occasional Paper No. 1995/011
Stock No:
S129EA0000000
ISBN:
9781557755001
ISSN:
0251-6365

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Occasional Papers