Some Aspects of Petroleum Product Price Adjustment in the Context of Fund Programs, 1980-1982
This paper reviews adjustment in oil imports and domestic pricing policies affecting petroleum under Fund-supported programs. The adjustment of countries with Fund-supported programs (during 1980–82) following the two oil price shocks is compared with that of the nonprogram countries, to evaluate th...
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| Format: | eBook |
| Language: | English |
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Washington, D.C.
International Monetary Fund
1987
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| Series: | IMF Working Papers
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| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| Summary: | This paper reviews adjustment in oil imports and domestic pricing policies affecting petroleum under Fund-supported programs. The adjustment of countries with Fund-supported programs (during 1980–82) following the two oil price shocks is compared with that of the nonprogram countries, to evaluate the impact of the Fund’s decision to emphasize adjustment after 1979–80 as opposed to providing more financing after 1973–74. The relatively stronger adjustment to the second oil price shock, by program countries underpinned by evidence of adoption of important petroleum pricing policies and support measures in a program context, provides evidence that the Fund contributed to the adjustment and energy conservation effort |
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| Physical Description: | 35 pages |
| ISBN: | 9781451970913 |