The Balance of Payments Adjustment Process in Developing CountriesComparison of the balance of payments adjustment process of economic recession in 13 developing countries during the 1970s - examines the impact of monetary system trends on economic equilibrium; discusses exchange rates, foreign exchange reserves, and trade policies, esp. Protectionism; recommends that the IMF create a medium term international borrowing facility. References. |
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adjustment process annual average average annual rate balance of payments borrowing Brazil change in import Change in reserves commodities counterpart deficits Country study decline deficit countries deflationary demand devaluation developing countries disequilibrium domestic economy earned import capacity effect exchange rate expansion extended Fund facility factors Fund resources Fund's GDP deflator imbalances IMF credit impact import prices income increase India Indonesia industrial countries inflation International Financial Statistics investment Ivory Coast Jamaica Kenya long-term capital measures member countries Memo millions of dollars monetary OECD OECD countries output payments adjustment payments deficit payments finance payments support percent performance criteria period Peru Philippines policies private capital markets problems production rate of change rate of growth real wages reduced related items relatively Republic of Korea Reserves and related reserves to imports sector Source Sri Lanka standby arrangements Table Tanzania terms of trade trade balances upper credit tranches Uruguay World Bank Zambia