Chapter 5 National and International Background and Policies
Author: International Monetary Fund
Language:
English
Keywords:
AR; AREA; Fund; sc; fund transaction; bonham Carter; E. van Lennep; votes of Nigeria; Habibullah mali Achekzai; Exports; Imports; Gold; Trade balance; Africa; Western Europe; Europe; Central America; North America; sterling area; interest rate differential; call money rate; bank rate; bank liquidity; Manufacturing; Industrial production

Abstract

INTERNATIONAL transactions in 1960 were strongly influenced by the divergent movements in the trade cycles of the principal industrial countries in North America, Western Europe, and Japan, which brought about major changes in the pattern of world trade. The effect of these changes upon the structure of international payments was, however, offset by very large capital movements associated with the divergent economic trends, and intensified by the financial policies adopted to induce or restrain economic expansion in different countries.

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Cover International Monetary Fund Annual Report 1961
International Monetary Fund Annual Report 1961
Author: International Monetary Fund
ISBN:
9781616351731
ISSN:
2227-8915
Publication Date:
01 Sep 1961
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616351731.011
Pages:
212