Occasional Papers

Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

Publication Date:

September 15, 1987

Summary:

This paper was originally prepared for a seminar of the Executive Board of the Fund. In the seminar, Executive Directors expressed a broad range of views with regard to both the adequacy of the Fund's approach to financial programming and the validity of the analysis presented in this paper.

Series:

Occasional Paper No. 1987/007

Subject:

Demand for money Domestic credit Exchange rate adjustments External debt Foreign exchange Monetary base Monetary expansion Monetary policy Money