Contents
FOREIGN MARKETS FOR DOLLARS, STERLING, AND OTHER CURRENCIES
Oscar L. Altman
A SYSTEM OF GOVERNMENTAL WAGE CONTROL: EXPERIENCE OF THE NETHERLANDS, 1945-60
Rattan J. Bhatia and Arie C. Bouter
THE CYCLE IN JAPAN’S BALANCE OF PAYMENTS, 1955-58
P. R. Narvekar
GOVERNMENT IMPORTS AND IMPORT TAXES IN MONETARY ANALYSIS OF INCOME AND IMPORTS
S. Kanesathasan
CONTROLS ON CAPITAL INFLOW: RECENT EXPERIENCE OF GERMANY AND SWITZERLAND
Graeme S. Dorrance and E. Brehmer
INTERNATIONAL LIQUIDITY: ENDS AND MEANS
J. Marcus Fleming
FINANCIAL INSTITUTIONS IN THAILAND
Ravi Amatayakul and Shrikrishna A. Pandit
STAFF PAPERS
J. Keith Horsefield, Editor
Dorothy Wescott, Assistant Editor
Editorial Committee
J. Keith Horsefield, Chairman
Hans Aufricht
C. David Finch
J. Marcus Fleming
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$6.00 a volume or the approximate equivalent in the 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$2.50. Subscriptions and orders should be sent to:
The Secretary
International Monetary Fund
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Washington 25, D.C.
Front Matter Page
INTERNATIONAL MONETARY FUND
STAFF PAPERS
Vol. VIII
December 1961
No. 3