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The IMF Approach to Economic Stabilization
Mr.Michael MussaMr.Miguel A. Savastano
出版International Monetary Fund, 1999-07-01
主題Business & Economics / Money & Monetary PolicyBusiness & Economics / Banks & BankingBusiness & Economics / Finance / Financial Risk Management
ISBN14518527469781451852745
URLhttp://books.google.com.hk/books?id=blgYEAAAQBAJ&hl=&source=gbs_api
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註釋This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of “financial programming,” and explains the rationale for setting quantitative performance criteria for fiscal and monetary policy in IMF-supported arrangements. A main theme is that IMF-supported programs contain a great deal of flexibility to respond both to differences in circumstances and to changes in conditions in individual cases.