Abstract
It is not possible to understand or interpret the Articles unless it is constantly kept in mind that they are a legal document that regulates the activities of states in monetary and economic affairs. Recognition of the fact that the Articles were drafted by lawyers and economists acting in concert, that the language of the Articles is permeated by economic terminology, and that the Articles regulate monetary and economic affairs has led to the adoption of a coherent and usable body of legal interpretation. This recognition of the character of the Articles is of fundamental importance in connection with those provisions that deal with the code of conduct binding on member states and with the use of the financial resources that the Fund makes available to members to help them observe that code of conduct. As might be expected, the special character of the Articles is less decisive in connection with some of the provisions that deal exclusively with the institutional features of the Fund.
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