Four Decades of Fund Arrangements : Macroeconomic Stylized Facts Before the Adjustment Programs /

This paper analyzes the initial conditions before Fund financial arrangements are adopted. Evidence from 324 Fund arrangements in 78 developing countries during 1973-91 indicates that there are important differences in the characteristics between program episodes and a control group. Program episode...

Descripció completa

Dades bibliogràfiques
Autor principal: Santaella, Julio
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1995.
Col·lecció:IMF Working Papers; Working Paper ; No. 1995/074
Accés en línia:Full text available on IMF