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Interest-Rate Policy and International Finance

In: International Financial Policy and Economic Development

Author

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  • Graham Bird

    (University of Surrey)

Abstract

We have seen in earlier chapters, that the international financial system has been used both explicitly and implicitly to assist developing countries. Within the IMF, for instance, the General Account and the Special Drawing Account have provided significant amounts of finance for such countries. Indeed, special facilities within the Fund — the Compensatory Financing Facility, the Buffer Stock Financing Facility and the Extended Fund Facility — have been of perhaps principal benefit to developing countries.

Suggested Citation

  • Graham Bird, 1987. "Interest-Rate Policy and International Finance," Palgrave Macmillan Books, in: International Financial Policy and Economic Development, chapter 7, pages 131-149, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08579-8_7
    DOI: 10.1007/978-1-349-08579-8_7
    as

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