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. |
Contents
Current Imbalances and the Adjustment | 10 |
IMPACT AND RESPONSE | 20 |
Performance | 28 |
Copyright | |
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adjustment process annual average balance of payments Basic balance millions borrowing Brazil change in import Change in reserves commodities conditionality consumption Country study decline deficit countries deflationary demand devaluation developing countries disequilibrium domestic economy drawings earned import capacity Earned plus unearned effect exchange rate expansion external accounts factors Fund's GDP deflator imbalances IMF credit impact import prices income India Indonesia industrial countries inflation International Financial Statistics investment Ivory Coast Jamaica Kenya long-term capital measures member countries Memo millions of dollars OECD OECD countries output payments finance payments support Payments Yearbook percent period Peru Philippines policies pressures 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 Total import capacity trade balances UNCTAD upper credit tranches Uruguay World Bank Zambia