This paper assesses the impact on the poor of the economic reforms undertaken in Bangladesh under Fund-supported structural adjustment programs. It finds that program-induced changes in production, employment, and incomes have benefitted the poor, while the adverse impact of program-induced...

This article examines the role of social security schemes in determining intercountry differences in the savings propensities of households. To this end, an eclectic model of long-run household savings behavior is constructed on the basis of the absolute-income, the permanent-income, and the...

A recent survey of the empirical studies examining the effects of exchange rate volatility on international trade concluded that "the large majority of empirical studies... are unable to establish a systematically significant link between measured exchange rate variability and the volume of...

This paper assesses the impact on the poor of the economic reforms undertaken in Bangladesh under Fund-supported structural adjustment programs. It finds that program-induced changes in production, employment, and incomes have benefitted the poor, while the adverse impact of program-induced...

This series aims to make available to the general public and to economic policy practitioners, a selection of policy papers prepared by the staff of the International Monetary Fund. Papers in the International Economic Policy Review will offer specific policy-relevant analysis, but at a...