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II The Setting for Adjustment: Initial Positions and Global Environment

II The Setting for Adjustment: Initial Positions and Global Environment »

Source: IMF Conditionality : Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings

Series: Occasional Papers

Author(s): Louis Dicks-Mireaux , Miguel Savastano , Adam Bennett , María Carkovic S. , Mauro Mecagni , James John , and Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1995

ISBN: 9781557754929

Keywords: inflation, terms of trade, capital inflows, exchange rate, real interest rates

Almost without exception, the initial positions of the countries under review were dire. Most were suffering the effects of long-standing institutional and structural weaknesses, fiscal excesses, and deficie...

II The Present Exchange Rate System and its Operating Environment

II The Present Exchange Rate System and its Operating Environment »

Source: The Exchange Rate System : Lessons of the Past and Options for the Future

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 1984

ISBN: 9781557750648

Keywords: exchange rate, exchange rates, exchange rate system, exchange rate movements, balance of payments

A logical starting point for any discussion with respect to modification of the exchange rate system is an examination of its present status. Such an examination should include at least three elements: (1) a...