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This paper examines external adjustment in the U.S., Japan and Germany from the perspective of...

In recent years, the IMF has released a growing number of reports and other documents covering...

International financial integration has greatly increased the scope for changes in a country's...

The founders of the Bretton Woods System 60 years ago were primarily concerned with orderly...

International financial integration allows countries to become net creditors or net debtors with...

This paper proposes the adoption of a framework that would supplement the 1997 Fund’s Guidance...