The Macroeconomic Impacts of Counterpart Funds

22 Pages Posted: 15 Feb 2006

See all articles by Jean Clément

Jean Clément

affiliation not provided to SSRN

Date Written: August 18, 1989

Abstract

This paper analyzes the macroeconomic impacts of the creation, accumulation, and use of counterpart funds. It draws attention to the importance of including counterpart funds in the design of macroeconomic policies to ensure their consistency. It shows that the creation or accumulation of counterpart funds in most cases is deflationary while their uses are inflationary. One conclusion is that "untied" counterpart funds are more appropriate for countries implementing an adjustment program.

Suggested Citation

Clément, Jean, The Macroeconomic Impacts of Counterpart Funds (August 18, 1989). IMF Working Paper No. 89/63, Available at SSRN: https://ssrn.com/abstract=884898

Jean Clément (Contact Author)

affiliation not provided to SSRN

No Address Available

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
33
Abstract Views
567
PlumX Metrics