Les accords généraux d'emprunt

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Les accords généraux d'emprunt
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Series:
Pamphlet Series
Author(s):
Michael Ainley
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
September 1984
DOI:
http://dx.doi.org/10.5089/9781451924831.054
ISBN:
9781451924831
ISSN:
0252-2985
Page:
108
This paper examines the role of the IMF's first and longest-lasting borrowing arrangements, the General Arrangements to Borrow (GAB), from their inception in 1961-62 to their fundamental reform and enlargement in 1983. The General Arrangements were a product of the times. They were designed to help the IMF deal with growing strains in the par value system caused by the underlying balance-of-payments problems of the two major reserve centers, the United States and the United Kingdom. The General Arrangements were strengthened by the association of Switzerland, a nonmember of the IMF, in 1964.
Chapter

I. Accords généraux d’emprunt: décision initiale

Author(s):
Michael Ainley
Published Date:
September 1984
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