## Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

_Occasional Papers, September 15, 1987_

## Source details

**Canonical URL:** [Theoretical Aspects of the Design of Fund-Supported Adjustment Programs](https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/theoretical-aspects-of-the-design-of-fund-supported-adjustment-programs-97)

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## Bibliographic details
- Published: September 15, 1987
- Series: Occasional Papers
- Volume: 1987
- Issue: 007
- Pages: 56
- DOI: https://doi.org/10.5089/9780939934997.084
- Stock No: S055EA0000000
- ISBN: 9780939934997
- ISSN: 0251-6365

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### Overview
- This paper was originally prepared for a seminar of the Executive Board of the Fund.
- In the seminar, Executive Directors "expressed a broad range of views with regard to both the adequacy of the Fund's approach to financial programming and the validity of the analysis presented in this paper."
- Publication date: September 15, 1987.

### Major themes and substantive focus
- The paper addresses theoretical aspects relevant to the design of Fund-supported adjustment programs, with emphasis on:
  - adjustment program design and policy variables,
  - balance of payments outcomes,
  - demand for money and monetary expansion,
  - domestic credit and the monetary base,
  - exchange rate adjustments,
  - external debt and foreign exchange.
- Keywords used on the page: adjustment program, balance of payments outcome, Demand for money, Domestic credit, Exchange rate adjustments, Fund, fund staff, Global, Monetary expansion, OP, policy target, policy variable.

### Findings and stakeholder reaction
- Executive Directors at the seminar expressed a broad range of views regarding:
  - the adequacy of the Fund's approach to financial programming, and
  - the validity of the analysis presented in the paper.

### Subjects (as listed)
- Demand for money
- Domestic credit
- Exchange rate adjustments
- External debt
- Foreign exchange
- Monetary base
- Monetary expansion
- Monetary policy
- Money

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_Source: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/theoretical-aspects-of-the-design-of-fund-supported-adjustment-programs-97_