“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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Front Matter Page
INTERNATIONAL MONETARY FUND
VOLUME VI, 1957–58
WASHINGTON, D. C.
Contents of Volume VI
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
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