The Macroeconomic Impacts of Counterpart Funds.
This paper analyzes the macroeconomic impacts of the creation, accumulation, and use of counterpart funds. It draws attention to the importance of including counterpart funds in the design of macroeconomic policies to ensure their consistency. It shows that the creation or accumulation of counterpar...
| Corporate Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1989/063 |
| Online Access: | Full text available on IMF |
| Summary: | This paper analyzes the macroeconomic impacts of the creation, accumulation, and use of counterpart funds. It draws attention to the importance of including counterpart funds in the design of macroeconomic policies to ensure their consistency. It shows that the creation or accumulation of counterpart funds in most cases is deflationary while their uses are inflationary. One conclusion is that 'untied' counterpart funds are more appropriate for countries implementing an adjustment program. |
|---|---|
| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (22 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |