 The IMF as a Source of International Liquidity for LDCsChapter 7 in The International Monetary System and the Less Developed Countries, 1982, pp 142-159 from Palgrave Macmillan Abstract: Abstract It has already been established that many developing countries experience balance-of-payments difficulties. These difficulties are caused in part at least by export instability. Furthermore, it would appear that, judged on the basis of certain reasonably objective criteria, such as the degree of export instability, a large number of LDCs have inadequate international reserves. Mainly and perhaps exclusively in order to avoid or defer the imposition of restrictionary trade and/or exchange-rate policies, the IMF has stood ready to provide relatively short-term financial help to members experiencing balance-of-payments difficulties. Although the significance of the IMF as a source of short-term financing varies amongst LDCs, it is true that LDCs as a group have relied very heavily on drawings from the IMF. These drawings are basically of two types: first, drawings within the ordinary facilities provided by the Fund; and, second, drawings made under certain special facilities which have been established during the lifetime of the IMF. Keywords: Trust Fund; International Liquidity; Buffer Stock; International Monetary System; Export Instability (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16903-0_7 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-16903-0_7 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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