The Stabilizing Role of the Compensatory Financing Facility : Empirical Evidence and Welfare Implications.
Purchases under the compensatory financing facility, the IMF's largest special facility, accounted for more than one quarter of total credit extended by the IMF over the period 1976 to 1985. Given the size of these operations, it is of some interest to determine to what extent the facility serv...
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Serie: | IMF Working Papers; Working Paper ;
No. 1988/108 |
| Accesso online: | Full text available on IMF |