Search Results

You are looking at 1 - 10 of 26 items

  • Keyword: Foreign exchange transactions x
Clear All Modify Search
Maintenance of the Gold Value of the Fund's Assets

Maintenance of the Gold Value of the Fund's Assets »

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 1971

DOI: http://dx.doi.org/10.5089/9781451960303.054

ISBN: 9781451960303

Keywords: foreign exchange, exchange transactions, voting, exchange rates, monetary reserves

This paper discusses Article IV, Section 8 of the Articles of Agreement which states the requirement of maintenance of the gold value of the IMF's assets. Each member of the IMF is bound to maintain the gold value...

Transactions Costs and Vehicle Currencies

Transactions Costs and Vehicle Currencies »

Source: Transactions Costs and Vehicle Currencies

Volume/Issue: 1989/96

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 1989

ISBN: 9781451949902

Keywords: transactions costs, foreign exchange, exchange rate, exchange rate risk, world trade

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, inclu...

Terminology

Terminology »

Source: Maintenance of the Gold Value of the Fund's Assets

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 1971

ISBN: 9781451960303

Keywords: foreign exchange, exchange transactions, voting, exchange rates, monetary reserves

It will be convenient as the next step in the discussion to explain the use of certain terms in this pamphlet. Under the Articles or under a Membership Resolution of the Board of Governors, each member estab...

Change of Par Value

Change of Par Value »

Source: Maintenance of the Gold Value of the Fund's Assets

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 1971

ISBN: 9781451960303

Keywords: foreign exchange, exchange transactions, voting, exchange rates, monetary reserves

The Articles of Agreement provide in some detail in Article IV for changes in the par values of the currencies of members. In the event of any change in par value, Article IV, Section 8, comes into play. The...

Appreciation

Appreciation »

Source: Maintenance of the Gold Value of the Fund's Assets

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 1971

ISBN: 9781451960303

Keywords: foreign exchange, exchange transactions, voting, exchange rates, monetary reserves

One of the most puzzling features of Article IV, Section 8, is the contrast between subsections (b) and (c). Under subsection (b), express provision is made for an adjustment in the Fund’s holdings of a curr...

Stand-By Arrangements

Stand-By Arrangements »

Source: Maintenance of the Gold Value of the Fund's Assets

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 1971

ISBN: 9781451960303

Keywords: foreign exchange, exchange transactions, voting, exchange rates, monetary reserves

In some stand-by arrangements, the Fund includes the following paragraph: The rate of exchange at which [the member] will purchase currencies from the Fund in exchange for the currency...

Uniform Proportionate Changes in Par Values

Uniform Proportionate Changes in Par Values »

Source: Maintenance of the Gold Value of the Fund's Assets

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 1971

ISBN: 9781451960303

Keywords: foreign exchange, exchange transactions, voting, exchange rates, monetary reserves

In the provisions on the maintenance of gold value, the Articles deal not only with the change in the par or foreign exchange value of one currency in relation to gold and to other currencies but also with u...

“Assets”

“Assets” »

Source: Maintenance of the Gold Value of the Fund's Assets

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 1971

ISBN: 9781451960303

Keywords: foreign exchange, exchange transactions, voting, exchange rates, monetary reserves

The Fund has concluded that it has implied powers to sell a portion of its gold in order to invest the proceeds, on certain conditions, in order to earn income for certain limited purposes. 27...

Borrowing

Borrowing »

Source: Maintenance of the Gold Value of the Fund's Assets

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 1971

ISBN: 9781451960303

Keywords: foreign exchange, exchange transactions, voting, exchange rates, monetary reserves

Under Article VII, Section 2, 32 the Fund can borrow the currencies of members in order to replenish its holdings of them. The Fund has entered into General Arrangements to Borrow...

Special Drawing Rights

Special Drawing Rights »

Source: Maintenance of the Gold Value of the Fund's Assets

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 1971

ISBN: 9781451960303

Keywords: foreign exchange, exchange transactions, voting, exchange rates, monetary reserves

Article IV, Section 8(d), was amended to intensify the formal requirements for exercise of the power to waive maintenance of the gold value of the Fund’s assets, but it is obvious that there was no widely he...