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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Santaella, Julio
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1995.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1995/074
Online Zugang:Full text available on IMF