The IMF Approach to Economic Stabilization /

This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways. The paper discusses the three-pronged approach to stabilization at the core of all IMF...

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Bibliographic Details
Main Author: Savastano, Miguel
Other Authors: Mussa, Michael
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1999.
Series:IMF Working Papers; Working Paper ; No. 1999/104
Online Access:Full text available on IMF
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245 1 4 |a The IMF Approach to Economic Stabilization /  |c Miguel Savastano, Michael Mussa. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1999. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of 'financial programming,' and explains the rationale for setting quantitative performance criteria for fiscal and monetary policy in IMF-supported arrangements. A main theme is that IMF-supported programs contain a great deal of flexibility to respond both to differences in circumstances and to changes in conditions in individual cases. 
538 |a Mode of access: Internet 
700 1 |a Mussa, Michael. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/104 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/104/001.1999.issue-104-en.xml  |z IMF e-Library