Economic adjustment and reform in low-income countries /

The Enhanced Structural Adjustment Facility (ESAF) is the cenerpiece of the International Monetary Fund's strategy to provide assistance on concessional terms to low-income member countries that are undertaking important macroeconomic adjustment and stuctural reforms. By February 1999, a total...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Bredenkamp, Hugh (Editor ), Schadler, Susan (Editor )
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [1999]
Temas:
International Monetary Fund.
Structural adjustment (Economic policy) > Developing countries.
Debts, Public > Developing countries.
BUSINESS & ECONOMICS > Development > Business Development.
BUSINESS & ECONOMICS > Development > Economic Development.
BUSINESS & ECONOMICS > Development > General.
BUSINESS & ECONOMICS > Government & Business.
BUSINESS & ECONOMICS > Structural Adjustment.
POLITICAL SCIENCE > Public Policy > Economic Policy.
Debts, Public.
Structural adjustment (Economic policy)
Structurele aanpassing (ontwikkelingseconomie)
Developing countries.
International Monetary Fund Structural Adjustment Facility (SAF)
International Monetary Fund Enhanced Structural Adjustment Facility (ESAF)
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Contents
  • 1 Overview Hugh Bredenkamp and Susan Schadler
  • Summary of the Chapters
  • References
  • 2 Methodological Issues Hugh Bredenkamp
  • Approaches to Evaluation
  • Country Groupings
  • References
  • 3 The Setting for Adjustment and Reform Sharmini Coorey
  • Initial Conditions
  • Adjustment Strategy
  • Trends in the External and Domestic Environments
  • The Global Setting
  • Wars, Civil Strife, and Natural Disasters
  • References
  • 4 The Policy Record Louis Dicks-Mireaux, Jean Le Dem, Steven Phillips, and Kalpana Kochhar
  • Fiscal Policy
  • Fiscal Trends, 1981-95Medium-Term Program Objectives
  • Fiscal Outcomes
  • Was Fiscal Consolidation Adequate?
  • Exchange Rate and Monetary Policies
  • Exchange Rate Policies
  • Exchange Rate Developments
  • Money, Credit, and Interest Rates
  • Structural Reforms
  • Domestic Markets and Prices
  • Exchange and Trade System
  • Financial Sector Reform
  • Public Enterprise Reform
  • Civil Service Reform
  • Property Rights
  • Appendix 4.1. Indices of Structural Distortions
  • General Aspects of the Scoring Methodology
  • Barometers of Structural Policies Used to Construct ScoresExchange and Trade System
  • Pricing and Marketing Reforms
  • Financial Sector Development
  • Public Enterprise Reforms
  • References
  • 5 Economic Growth: What Has Been Achieved and How? Kalpana Kochhar and Sharmini Coorey
  • The Stylized Facts
  • Overview of the Methodology
  • Determinants of Growth
  • Convergence
  • Human Capital Accumulation
  • Macroeconomic Policies
  • Openness
  • Structural Distortions
  • Other Factors
  • Specification of the Growth Equation and Estimation Results
  • Comparative Growth PerformanceStructural Reforms and Growth
  • Concluding Remarks
  • Appendix 5.1. Details of the Analysis
  • References
  • 6 Inflation: The Case for a More Resolute Approach Steven Phillips
  • The Inflation Record: Inside and Outside of Programs
  • A Chronological Perspective: Inflation Trends from the Early 1980s
  • Inflation During Programs: Initial Conditions, Targets, and Outcomes
  • Conclusions and Interpretations
  • Benefits of Low Inflation
  • Assessing the Growth Benefits of Lower Inflation
  • Implications of Low Inflation for the Distribution of IncomePotential Costs of Disinflation
  • Is Disinflation Associated with Short-Run Output Losses?
  • Targeting Low Inflation: A Loss to the Public Sector of Significant Seigniorage?
  • Determinants of Disinflation in Programs
  • Disinflation Strategies
  • Why Were Inflation Targets Missed?
  • Main Policy Conclusions
  • References
  • 7 Progress Toward External Viability Tsidi Tsikata
  • Conceptual and Methodological Issues
  • External Viability Sustainable External Position, and Debt Sustainability

Ejemplares similares