Export earnings, Forecast
Finger and Dceosa (1980)1 have shown that the International Monetary Fund's Compensatory Financing Facility (IMF-CFF) did not succeed in reducing the export earnings instability of 71 participating countries over the period 1963-1977. In fact, the IMF-CFF increased, rather than decreased, the export instability of 35 of the 62 participating developing countries, and of 5 of the 9 participating developed countries. Finger and Derosa identified four features of the IMF-CFF which could have reduced its effectiveness in stabilizing export earnings...
Journal of World Trade
Lim, D. (1987). Ability of the IMF-CFF to stabilize export earnings. Journal of World Trade, 21 (5), 91-95. Retrieved from http://repository.vtc.edu.hk/thei-adm-others-sp/25