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The paper deals with the two parts of the short-run adjustment problem in developing countries:...

This paper uses an intertemporal optimizing model of a small open economy to analyze how terms of...

The IMF Working Papers series is designed to make IMF staff research available to a wide...

This study was prepared jointly by the Fiscal Affairs and Research Departments of the...

The role of exchange rate policy in economic adjustment has been widely studied and is the...

This paper discusses the role of the IMF in financial stability and planning in world trade. The...