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This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is...
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Analysis of the impact of relative prices on the non-oil trade account in Indonesia, with special emphasis on the effectiveness of the exchange rate adjustment of November 1978. To isolate the impact of the exchange rate on the non-oil account, import-demand and export-supply equations are...
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