The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Harry Dexter White, the principal architect of the international financial system established at the end of the Second World War, was arguably the most important U. S. government economist of the 20th century. His reputation, however, has suffered because of allegations that he spied for the Soviet Union. That charge has recently been revived by the declassification of documents showing that he met with Soviet agents in 1944 and 1945. Evaluation of that evidence in the context of White’s career and worldview casts doubt on the case against him and provides the basis for a more benign interpretation.