01652cas a2200241 a 4500 AALejournalIMF005958 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451840070 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Venezuela : Recent Economic Developments. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (91 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper describes economic developments in Venezuela during the 1990s. Economic conditions remained difficult in 1995. Continued problems in the banking system, higher public sector interest obligations, a decline in oil revenues, and deterioration in the non-oil fiscal balance kept the public finances under stress. The stance of monetary policy continued to be accommodating and interest rates remained negative in real terms. These policies, together with an increasingly misaligned fixed exchange rate and the maintenance of exchange controls, contributed to the further deterioration of private sector confidence. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1996/087 Full text available on IMF http://elibrary.imf.org/view/journals/002/1996/087/002.1996.issue-087-en.xml IMF e-Library