Fund's Concepts of Convertibility

Fund's Concepts of Convertibility PDF

Author: Joseph Gold

Publisher: International Monetary Fund

Published: 1971-01-04

Total Pages: 80

ISBN-13:

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This paper examines the IMF’s concepts of convertibility and gives some impression of their purposes. The central concept of convertibility in the Articles is the convertibility of Article VIII, Sections 2, 3, and 4. Under it, the basic rule is that members must avoid restrictions on the making of payments and transfers for current international transactions, multiple currency practices, and discriminatory currency arrangements. In addition, a member that has accepted the obligations of Article VIII must convert balances of its currency in certain circumstances when those balances are presented for conversion by the monetary authorities of another member.

Currency Convertibility and the Fund

Currency Convertibility and the Fund PDF

Author: Vicente Galbis

Publisher: International Monetary Fund

Published: 1996-04

Total Pages: 70

ISBN-13:

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This paper reviews experience with currency convertibility on both the current and capital accounts, with particular attention to the Fund’s concepts and policy implications. After discussing the basic concepts of convertibility, the paper reviews the experience with convertibility in three groups of Fund members--industrial countries, developing countries, and transition countries. The paper also discusses some policy options designed to encourage acceptance of convertibility by Fund members that have not yet done so.

The International Monetary Fund 1966-1971

The International Monetary Fund 1966-1971 PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1996-02-29

Total Pages: 741

ISBN-13: 1451971478

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IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.

The Fund Agreement in the Courts, Vol. III

The Fund Agreement in the Courts, Vol. III PDF

Author: Mr.Joseph Gold

Publisher: International Monetary Fund

Published: 1986-12-01

Total Pages: 868

ISBN-13: 1475507321

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Written by Joseph Gold, former General Counsel and now Senior Consultant at the IMF, these volumes contain discussions of the ever-increasing body of cases in which the Articles have had a bearing on issues before the courts.

Legal and institutional Aspects of the international Monetary System

Legal and institutional Aspects of the international Monetary System PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1984-12-15

Total Pages: 978

ISBN-13: 9780939934133

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IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.

The Financial Obligation in International Law

The Financial Obligation in International Law PDF

Author: Rutsel Silvestre J Martha

Publisher: Oxford University Press

Published: 2015-03-19

Total Pages: 672

ISBN-13: 0191055956

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This is the first volume to comprehensively and systematically study, describe, and theorize the financial obligation created and governed by public international law. Legal globalization has given rise to a number of financial issues in international law in areas as diverse as development financing, investment protection, compensation of human rights victims, and sovereign debt crises. The claims resulting from the proliferation of financial activity are not limited to those primarily involving financial obligation (e.g. loans and grants) but include secondary obligation resulting from the law on international responsibility. Among the many instances of financial obligation covered in this study, the reader will find inter-State financial transactions, inter-State sale of goods, transnational services such as telecommunications and post, the financial operations of multilateral institutions, loans, grants and guarantees provided by the various international financial institutions, certain financial relations between non-State actors (including natural persons) and States, intergovernmental organizations or other international legal actors, and government loans to international organizations. Rich in historical detail and systematic in its coverage of contemporary law, this book will be valued by all practitioners and scholars with an interest in the nature of international financial obligation.