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By Vittorio Corbo, Visit Amazon's Stanley Fischer Page, search results, Learn about Author Central, Stanley Fischer, , Steven Benjamin Webb

ISBN-10: 0821320610

ISBN-13: 9780821320617

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Extra info for Adjustment Lending Revisited: Policies to Restore Growth

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Stem, E. 1983. " In J. ), IMF Conditionality. : Institute for Intemational Economics. Summers, L. H. 1985. " National Bureau of Economic Research (NBER) Working Paper #1710. Cambridge, Mass. , et al. 1991. Strengthening Trade Policy Reforms in Developing Countries. : World Bank. , and K. Shariff. 1990. " Manuscript. World Bank. C. World Bank. 1988. Adjustment Lending: An Evaluation of Ten Years of Experience. Policy and Research Series #1. : World Bank. - . 1989. World Development Report 1989. New York: Oxford University Press.

Economic Policy and World of Change. Amsterdam: North-HollandPublishing Co. 1983. " IMF Staff Papers (March):164-73. Gelb, Alan. 1989. " Manuscript. World Bank. C. Giovanrini, A. 1985. " Journal of Developrent Economics (August). Helpman, E. 1989. " Proceedings of the World Bank Annual Conference on Economic Development. 193-216. , and P. R. Krugman. 1985. Market Structure and Foreign Trade. : MIT Press. -. : MllT Press. , and N. Liviatan. 1988. " The World Bank Economic Review 2:273-98. -. 1990.

Whererationaleoneis concemed,thequestionis whether it isappropriate to conditionloansonadjustment-onchanges in policies--rather than on policies being appropriate. C. Under such circumstancesthe Bank should be preparedto continuenon-projectlending,evenif it has to callit non-adjustme nt lending,with the conditionthat the country maintainthe policiesunchanged. In the case of rationaletwo, the conditionsessentially haveto be thosetypicalof IM' conditionality:an appropriatemix of demandrestraint,chieflyby fiscalconsolidation; and devaluationaimedat achievinga competitivereal exchangerate.

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