CONTENTS
RECENT DEVELOPMENTS IN MONETARY ANALYSIS
Method of Monetary Analysis Used by De Nederlandsche Bank
M. W. Holtrop
Monetary Analysis in Italy
Paolo Baffi
Federal Reserve Flow-of-Funds Accounts
Ralph A. Young
Monetary Analyses
Earl Hicks, Graeme S. Dorrance, and Gerard R. Aubanel
SPECIAL TAX MEASURES TO RESTRAIN INVESTMENT
Richard Goode
AN EXPERIMENT WITH A FLEXIBLE EXCHANGE RATE SYSTEM: THE CASE OF PERU, 1950–54
S. C. Tsiang
THE COST OF A FOREIGN EXCHANGE STANDARD OR OF THE USE OF A FOREIGN CURRENCY AS THE CIRCULATING MEDIUM
Eugene A. Birnbaum
Front Matter Page
STAFF PAPERS
Allan G. B. Fisher, Editor
Dorothy Wescott, Assistant Editor
Editorial Committee
Allan G. B. Fisher, Chairman
Hans Aufricht
Richard Goode
M. M. Hassanein
Charles L. Merwin, Jr.
Henry C. Murphy
Brian Rose
Ugo Sacchetti
From the Foreword to the first issue:
“Among the responsibilities of the International Monetary Fund, as set forth in the Articles of Agreement, is the obligation to ‘act as a center for the collection and exchange of information on monetary and financial problems,’ and thereby to facilitate ‘the preparation of studies designed to assist members in developing policies which further the purposes of the Fund.’ The publications of the Fund are one way in which this responsibility is discharged.
“Through the publication of Staff Papers, the Fund is making available some of the work of members of its staff. The Fund believes that these papers will be found helpful by Government officials, by professional economists, and by others concerned with monetary and financial problems. Much of what is now presented is quite provisional. On some international monetary problems, final and definitive views are scarcely to be expected in the near future, and several alternative, or even conflicting, approaches may profitably be explored. The views presented in these papers are not, therefore, to be interpreted as necessarily indicating the position of the Executive Board or of the officials of the Fund.”
The authors of the papers in this issue have received considerable assistance from their colleagues on the staff of the Fund. This general statement of indebtedness may be accepted in place of a detailed list of acknowledgments.
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