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...

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Detalles Bibliográficos
Autor Principal: Santaella, Julio
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1995.
Series:IMF Working Papers; Working Paper ; No. 1995/074
Acceso en liña:Full text available on IMF