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Balance-of-payments Adjustment in LDCs

In: The International Monetary System and the Less Developed Countries

Author

Listed:
  • Graham Bird

    (University of Surrey)

Abstract

In this chapter we examine a number of questions relating to the balance of payments of LDCs. These concern the major causes of balance-of-payments problems; the basic policy alternatives, adjustment and financing, which are available to countries experiencing balance-of-payments problems; and the ways in which balance-of-payments adjustment may be achieved. Most attention will be focused on the appropriateness of exchange-rate variation as a tool of adjustment in LDCs.

Suggested Citation

  • Graham Bird, 1982. "Balance-of-payments Adjustment in LDCs," Palgrave Macmillan Books, in: The International Monetary System and the Less Developed Countries, edition 0, chapter 6, pages 114-141, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16903-0_6
    DOI: 10.1007/978-1-349-16903-0_6
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