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Mr. Christian H Ebeke and Mr. Dilan Ölçer

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Joseph W. Lang

The fourteenth in the series of the annual Per Jacobsson Lectures was held at the Fund on September 25,1977. This article tells how the series began and briefly describes the 1977 Lecture—The International Monetary System in Operation— given by Mr. Wilfried Guth and Sir W. Arthur Lewis.