Front Matter

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

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.

Subscription: US$3.50 per volume or the approximate equivalent in currencies of most countries. Three numbers constitute a volume. The numbers, however, are not issued at regular dates; moreover, all of the three numbers are not necessarily issued within one calendar year. Single copies may be purchased at US$1.50. Subscriptions and orders should be sent to:

The Secretary

International Monetary Fund

1818 H Street, N.W.

Washington 25, D.C.

Front Matter Page

INTERNATIONAL MONETARY FUND

STAFF PAPERS

VOLUME VI, 1957–58

WASHINGTON, D. C.

Contents of Volume VI

Authors

  • Ali, Anwar. Banking in the Middle East

  • Altman, Oscar L. A Note on Gold Production and Additions to International Gold Reserves

  • Bernstein, E. M. Wage-Price Links in a Prolonged Inflation

  • Birnbaum, Eugene A. The Growth of Financial Intermediaries as a Factor in the Effectiveness of Monetary Policy

  • Fleming, J. Marcus. Exchange Depreciation, Financial Policy, and the Domestic Price Level

  • Gold, Joseph. The Fund Agreement in the Courts—V

  • Laso, Eduardo. Financial Policies and Credit Control Techniques in Central America

  • Loftus, Martin L. The International Monetary Fund, 1955–1958: A Selected Bibliography

  • Marshall, Jorge. Advance Deposits on Imports

  • Narvekar, P. R. The Improvement in Japan’s Balance of Payments, 1954–55

  • Polak, J. J. Monetary Analysis of Income Formation and Payments Problems

  • Sarma, N. A. Economic Development in India: The First and Second Five Year Plans

  • Thorn, Richard S. Nonbank Financial Intermediaries, Credit Expansion, and Monetary Policy

  • Tun Wai. Interest Rates Outside the Organized Money Markets of Underdeveloped Countries

Titles

  • Advance Deposits on Imports. By Jorge Marshall

  • Banking in the Middle East. By Anwar Ali

  • Economic Development in India: The First and Second Five Year Plans. By N. A. Sarma

  • Exchange Depreciation, Financial Policy, and the Domestic Price Level. By J. Marcus Fleming

  • Financial Policies and Credit Control Techniques in Central America. By Eduardo Laso

  • The Fund Agreement in the Courts—V. By Joseph Gold

  • The Growth of Financial Intermediaries as a Factor in the Effectiveness of Monetary Policy. By Eugene A. Birnbaum

  • The Improvement in Japan’s Balance of Payments, 1954–55. By P. R. Narvekar

  • Interest Rates Outside the Organized Money Markets of Under-developed Countries. By U Tun Wai

  • The International Monetary Fund, 1955–1958: A Selected Bibliography. By Martin L. Loftus

  • Monetary Analysis of Income Formation and Payments Problems. By J. J. Polak

  • National Currency Counterpart of Drawings on the Fund

  • Nonbank Financial Intermediaries, Credit Expansion, and Monetary Policy. By Richard S. Thorn

  • A Note on Gold Production and Additions to International Gold Reserves. By Oscar L. Altman

  • Wage-Price Links in a Prolonged Inflation. By E. M. Bernstein