Mr. Von Klemperer wrote this paper while acting as technical assistant in the Exchange Restrictions Department of the International Monetary Fund, on leave from his position as foreign exchange trader and analyst at the Federal Reserve Bank of New York. He is at present connected with J. P. Morgan & Co., Inc., New York City. The views expressed are his own and do not reflect those of his past or present employers. The paper has been revised to take account of the abolition of Canadian exchange regulations and other changes which have occurred since it was originally written.
With the exception of the exporting and importing of gold which is regulated by the Government.
A detailed discussion of these methods would go far beyond the scope of this paper, but reference may be made to the following publications which contain up-to-date descriptions: Guaranty Trust Company of New York, A Review of Export and Import Procedure (revised, July 1950); William S. Shaterian, Export-Import Banking (New York, 1947); Morris S. Rosenthal, Techniques of International Trade (New York, 1950).
See Article VIII, Sec. 2(b) of the Fund’s Articles of Agreement.