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The Influence of Monetary Overhangs and Weak Enterprise Discipline
Interest rate policy in the newly reforming Central and Eastern European countries has generally been geared toward establishing positive real interes...
Revisiting Some Methodological Issues
This paper examines whether ESAF-supported programs during 1986-91 had significant independent effects on growth, inflation and the external debt serv...
Experience Under Stand-By and Extended Arrangements, Part II: Background Papers
This paper is part II of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-s...
Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings
This paper is Part I of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-su...
Experience Under the Enhanced Structural Adjustment Facility
This paper evaluates progress made under ESAF-supported programs in attaining external viability, restoring economic growth, and implementing structur...
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