Front Matter

Front Matter

International Monetary Fund
Published Date:
April 1998
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    ©1998 International Monetary Fund

    Cover design and composition:

    Massoud Etemadi, Julio Prego, and the IMF Graphics Section

    ISBN 9781557756923

    ISSN 1020-5098

    Published April 1998

    Reprinted March 2000

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    The Economic Issues series aims to make available to a broad readership of nonspecialists some of the economic research produced in the IMF on topical issues. The raw material of the series is mainly IMF Working Papers, technical papers produced by IMF staff members and visiting scholars, as well as policy-related research papers. This material is edited and partly redrafted for a general readership.

    The following paper draws on material originally contained in Chapter 4 of the October 1997 World Economic Outlook, “Exchange Rate Arrangements and Economic Performance in Developing Countries,” by Francesco Caramazza and Jahangir Aziz. Neil Wilson prepared the current version. Readers interested in the original material may purchase a copy of the October 1997 World Economic Outlook from IMF Publication Services ($35.00) or view the full text on the IMF’s Internet site at

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