External Adjustment: the Proper Role for the IMF

Richard N. Cooper

Chapter 10 in Financial Fragility, Debt and Economic Reforms, 1996, pp 198-203 from Palgrave Macmillan

Abstract: Abstract The past decade has not been a good one for developing countries as a group. During the 1980s per capita incomes grew by 1.7 per cent a year, less than half the rate attained during the 1960s. However, the dispersion around this average has been enormous, ranging from −3 to nearly 9 per cent. Since all these countries were part of the same world economy and participated to some extent in the same world events, what can we say by way of explanation for this large dispersion?

Keywords: International Monetary Fund; Real Exchange Rate; Corporal Punishment; Legitimate Interest; Proper Role (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-13801-2_11

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