I. Allocation Policy in a Resource-Exporting Country -- 1. The Role of Resource Exports -- 2. The Impact of the Resource Sector on the Economy -- 3. Intertemporal Allocation -- 4. Some Policy Issues -- II. On the Short-Run and Long-Run Effects of a Resource Boom -- 1. Introduction -- 2. Possible...

This paper analyzes institutional arrangements for exchange rate systems and reviews what we know. It looks at the foreign exchange market, different balance of payment situations in which countries find themselves and the necessary exchange rate adjustments. It studies the options that are...