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CHAPTER 2 Objectives

CHAPTER 2 Objectives »

Source: IMF History Volume 2 (1945-1965) : Twenty Years of International Monetary Cooperation Volume II: Analysis

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 1996

ISBN: 9781451962925

Keywords: balance of payments, gold, exchange rates, exchange rate, exchange restrictions

When the fund was established, the founders had six purposes in mind. These were, as stated in Article I of the Fund Agreement: (i) To promote international monetary coo...

CHAPTER 10 Personalities and Institutions The Redesigning of the International Monetary Order

CHAPTER 10 Personalities and Institutions The Redesigning of the International Monetary Order »

Source: International Monetary Cooperation Since Bretton Woods

Series: Books

Author(s): Harold James

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1996

ISBN: 9781475506969

Keywords: currency, exchange, exchange rate, balance of payments, debt

The end of the classic Bretton Woods system and the failure of the attempts to restore it were accompanied by very large current account imbalances in most countries. To a great extent the immediate cause of...

CHAPTER 16 Plan or Price? The Transformation of Centrally Planned Economies

CHAPTER 16 Plan or Price? The Transformation of Centrally Planned Economies »

Source: International Monetary Cooperation Since Bretton Woods

Series: Books

Author(s): Harold James

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1996

ISBN: 9781475506969

Keywords: currency, exchange, exchange rate, balance of payments, debt

The challenge posed to the world economic order by the collapse of centrally planned economies can only be understood in the light of the longer historical development of the relations between these systems...

CHAPTER 12 Progress Toward Liberalization

CHAPTER 12 Progress Toward Liberalization »

Source: IMF History Volume 2 (1945-1965) : Twenty Years of International Monetary Cooperation Volume II: Analysis

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 1996

ISBN: 9781451962925

Keywords: balance of payments, gold, exchange rates, exchange rate, exchange restrictions

The consultations process just described has become the principal instrument through which the Fund’s policies on exchange restrictions have been implemented. These policies have varied a great deal—as have...

CHAPTER 2 “Prosperity Has No Fixed Limits”

CHAPTER 2 “Prosperity Has No Fixed Limits” »

Source: International Monetary Cooperation Since Bretton Woods

Series: Books

Author(s): Harold James

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1996

ISBN: 9781475506969

Keywords: currency, exchange, exchange rate, balance of payments, debt

The Bretton Woods conference was the first successful systematic attempt to produce a legal and institutional framework for the world economic system. It represented both an attempt to learn the lessons of t...

CHAPTER 9 Reform of the International Monetary System, or Nonsystem?

CHAPTER 9 Reform of the International Monetary System, or Nonsystem? »

Source: International Monetary Cooperation Since Bretton Woods

Series: Books

Author(s): Harold James

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1996

ISBN: 9781475506969

Keywords: currency, exchange, exchange rate, balance of payments, debt

The dollar crisis of August 1971 clearly constituted a threat to the Bretton Woods parity system, but it also challenged the most fundamental underpinning of the Bretton Woods order, the belief in a general...

CHAPTER 4 Richesse Oblige The Establishment of Convertibility

CHAPTER 4 Richesse Oblige The Establishment of Convertibility »

Source: International Monetary Cooperation Since Bretton Woods

Series: Books

Author(s): Harold James

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1996

ISBN: 9781475506969

Keywords: currency, exchange, exchange rate, balance of payments, debt

The experience of the late 1940s made apparent how thorny and obstacle-strewn would be the path to a more liberal world economy. The postwar era refuted almost everybody’s expectations. There would be no rap...

CHAPTER 4 Setting Par Values

CHAPTER 4 Setting Par Values »

Source: IMF History Volume 2 (1945-1965) : Twenty Years of International Monetary Cooperation Volume II: Analysis

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 1996

ISBN: 9781451962925

Keywords: balance of payments, gold, exchange rates, exchange rate, exchange restrictions

As the par value system has evolved, many questions have confronted the Fund. Since par values are central to the Fund Agreement, one set of questions has concerned their establishment. How quickly should in...

CHAPTER 26 Some Characteristics of Operation

CHAPTER 26 Some Characteristics of Operation »

Source: IMF History Volume 2 (1945-1965) : Twenty Years of International Monetary Cooperation Volume II: Analysis

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 1996

ISBN: 9781451962925

Keywords: balance of payments, gold, exchange rates, exchange rate, exchange restrictions

THE AVOIDANCE OF SANCTIONS A student of the development of the Fund must note how little use the Fund has made of sanctions. This characteristic of the way in which the Fund has oper...

CHAPTER 20 Stand-By Arrangements: Purposes and Form

CHAPTER 20 Stand-By Arrangements: Purposes and Form »

Source: IMF History Volume 2 (1945-1965) : Twenty Years of International Monetary Cooperation Volume II: Analysis

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 1996

ISBN: 9781451962925

Keywords: balance of payments, gold, exchange rates, exchange rate, exchange restrictions

Combating inflation by monetary and fiscal policies has been a recognized task of governments, especially since World War I, even though for much of the interwar period the major economic problems which coun...