The Balance of Payments, International Monetary Assistance and Development
Anthony Thirlwall
Chapter Chapter 15 in Growth and Development, 1989, pp 389-411 from Palgrave Macmillan
Abstract:
Abstract We have seen how the composition of the trade of developing countries can lead to severe balance-of-payments difficulties, which can act as a constraint on growth, and how vulnerable many developing countries are to exogenous shocks which affect adversely both their export earnings and import payments. In this chapter we shall define formally the concept of a balance-of-payments constrained growth rate and examine its determinants. We shall then go on to consider the measures that countries themselves may take to raise the balance-of-payments constrained growth rate, and the assistance provided by international institutions to ease the constraint. The latter involves mainly a consideration of the role of the International Monetary Fund in the provision of balance-of-payments support.
Keywords: Exchange Rate; Capital Inflow; Export Price; Domestic Currency; Export Earning (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19837-5_15
Ordering information: This item can be ordered from
http://www.palgrave.com/9781349198375
DOI: 10.1007/978-1-349-19837-5_15
Access Statistics for this chapter
More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().