01775cas a2200241 a 4500 AALejournalIMF007763 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451977486 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Debt and Conditionality under Endogenous Terms of Trade Adjustment. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (42 pages) IMF Working Papers <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 The purpose of this study is to identify conditions under which renewed international lending will benefit both the developed and the developing countries. Our analysis will evaluate how the presence of terms of trade adjustment and distorted credit markets affect the conditions for the existence of beneficial lending. We demonstrate that in the presence of endogenous terms of trade adjustment, there are cases in which a competitive international banking system may not revitalize lending for investment purposes, even if such renewed lending is socially desirable. Renewed lending may require the appropriate conditionality, and the presence of endogenous terms of trade adjustment puts greater weight on investment conditionality. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/038 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/038/001.1988.issue-038-en.xml IMF e-Library