Browse

You are looking at 1 - 10 of 55 items :

  • Books and Analytical Papers x
  • Keywords: exchange rate x
Clear All
CHAPTER 13 A Convertible Currency World

CHAPTER 13 A Convertible Currency World »

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

AFTER EXTERNAL CONVERTIBILITY was established by the European countries at the end of 1958, another period of the Fund’s policy as regards exchange restrictions began. It was the opinion of many of the Direc...

CHAPTER 19 Charges, Repurchases, Selection of Currencies

CHAPTER 19 Charges, Repurchases, Selection of Currencies »

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 main lines of the fund’s policies on the use of its resources were discussed in Chapter 18; those for stand-by arrangements are dealt with in Chapters 20 and 21. Incidental refe...

CHAPTER 16 Collaborating with the GATT

CHAPTER 16 Collaborating with the GATT »

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 PLANNED it was expected that there would be some international body responsible for trade relations. Resolution VII passed at Bretton Woods recommended to the gove...

CHAPTER 17 Derivation and Significance of the Fund’s Resources

CHAPTER 17 Derivation and Significance of the Fund’s Resources »

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 financial resources which the Fund can make available to its members originate in three ways. The first and largest source is the subscriptions paid by members when they join the Fund; the second is the...

CHAPTER 18 Evolution of the Fund’s Policy on Drawings

CHAPTER 18 Evolution of the Fund’s Policy on Drawings »

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 ORIGIN AND MAGNITUDE of the Fund’s resources (which are so far derived mainly from subscriptions) were described in Chapter 17. For the purpose of the following discussion it sh...

CHAPTER 5 Exchange Rate Adjustment

CHAPTER 5 Exchange Rate Adjustment »

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

Just as the fund has had to develop policies pertaining to the establishment and maintenance of par values, so it has had to evolve policies relating to changes in those par values and in other exchange rate...

CHAPTER 10 Exchange Restrictions: The Setting

CHAPTER 10 Exchange Restrictions: The Setting »

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 second part of the code of conduct implicit in the Articles of Agreement (as described in Chapter 2) concerns exchange restrictions and convertibility of currencies. When the Articles were signed at the...

CHAPTER 21 Factors in Stabilization Programs

CHAPTER 21 Factors in Stabilization Programs »

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 purposes of stabilization programs and the evolution of stand-by arrangements as a means by which the Fund is able to assist members undertaking such programs have been described in Chapter 20. It has be...

CHAPTER 7 Fluctuating Exchange Rates

CHAPTER 7 Fluctuating Exchange Rates »

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

In no field of the Fund’s endeavor have principle and expediency been more thoroughly interwoven than in that of fluctuating rates. Fixed exchange rates have remained the Fund’s main principle; but temporari...

CHAPTER 8 Gold Transactions at Premium Prices

CHAPTER 8 Gold Transactions at Premium Prices »

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 obligations of fund members in connection with the price of gold are set out in Article IV, Section 2, of the Fund Agreement, which reads as follows:...