History of the IMF

History of the IMF PDF

Author: Kazuhiko Yago

Publisher: Springer

Published: 2015-06-10

Total Pages: 338

ISBN-13: 4431553517

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This book describes the history of the IMF from its birth, through the Bretton Woods era, and in the aftermath. Special attention is paid to integrating IMF history with the macro-economic policies of member countries and of other international institutions as well. This collection of work presents a clear understanding, inter alia, of the influence of the United States over IMF policy via the National Advisory Committee; the dealings of the IMF with the UK on pound sterling policy; the institutional change of the IMF brought about by Per Jacobsson, the third managing director; and France, Italy, Germany, Canada, and Japan vis-à-vis IMF consultations. It also provides the reader with topics concerning the bankers’ acceptance market function and international liquidity issues in relation to IMF policy; the final chapter sheds light on the long-standing relations between the IMF and China, from the Bretton Woods Agreement to the contemporary period. All the chapters are archive-based academic studies providing deep insights with historical background, which makes this book the first thoroughly independent achievement in the field of IMF history. This book is highly recommended to readers interested in contemporary monetary and financial history and those who seek to obtain a coherent image of postwar international institutions and markets.

Tearing Down Walls

Tearing Down Walls PDF

Author: Mr.James M. Boughton

Publisher: International Monetary Fund

Published: 2012-03-05

Total Pages: 1036

ISBN-13: 1616350849

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This volume--the fifth in a series of histories of the International Monetary Fund--examines the 1990s, a tumultuous decade in which the IMF faced difficult challenges and took on new and expanded roles. Among these were assisting countries that had long operated under central planning to manage transitions toward market economies, helping countries in financial crisis after sudden loss of support from private financial markets, adapting surveillance to reflect the growing acceptance of international standards for economic and financial policies, helping low-income countries grow and begin to eradicate poverty while staying within its mandate as a monetary institution, and providing adequate financial assistance to members in an age of limited official resources. The IMF's successes and setbacks in facing these challenges provide valuable lessons for an uncertain future.

Debt and Entanglements Between the Wars

Debt and Entanglements Between the Wars PDF

Author: Mr.Thomas J Sargent

Publisher: International Monetary Fund

Published: 2019-11-08

Total Pages: 322

ISBN-13: 1513516868

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World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history between World War I and II offers rich material for studying international monetary and sovereign debt policies. Debt and Entanglements between the Wars focuses on the experiences of the United States, United Kingdom, four countries in the British Commonwealth (Australia, New Zealand, Canada, Newfoundland), France, Italy, Germany, and Japan, offering unique insights into how political and economic interests influenced alliances, defaults, and the unwinding of debts. The narratives presented show how the absence of effective international collaboration and resolution mechanisms inflicted damage on the global economy, with disastrous consequences.

The Battle of Bretton Woods

The Battle of Bretton Woods PDF

Author: Benn Steil

Publisher: Princeton University Press

Published: 2013-02-24

Total Pages: 480

ISBN-13: 0691149097

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Recounts the events of the Bretton Woods accords, presents portaits of the two men at the center of the drama, and reveals Harry White's admiration for Soviet economic planning and communications with intelligence officers.

Debt, the IMF, and the World Bank

Debt, the IMF, and the World Bank PDF

Author: Eric Toussaint

Publisher: NYU Press

Published: 2010-09-01

Total Pages: 372

ISBN-13: 1583674985

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Mainstream economists tell us that developing countries will replicate the economic achievements of the rich countries if they implement the correct “free-market”policies. But scholars and activists Toussaint and Millet demonstrate that this is patently false. Drawing on a wealth of detailed evidence, they explain how developed economies have systematically and deliberately exploited the less-developed economies by forcing them into unequal trade and political relationships. Integral to this arrangement are the international economic institutions ostensibly created to safeguard the stability of the global economy—the International Monetary Fund (IMF) and the World Bank—and the imposition of massive foreign debt on poor countries. The authors explain in simple language, and ample use of graphics, the multiple contours of this exploitative system, its history, and how it continues to function in the present day. Ultimately, Toussaint and Millet advocate cancellation of all foreign debt for developing countries and provide arguments from a number of perspectives—legal, economic, moral. Presented in an accessible and easily-referenced question and answer format, Debt, the IMF, and the World Bank is an essential tool for the global justice movement.

The IMF in a Changing World, 1945-85

The IMF in a Changing World, 1945-85 PDF

Author: Ms.Margaret Garritsen De Vries

Publisher: INTERNATIONAL MONETARY FUND

Published: 1986-06-15

Total Pages: 0

ISBN-13: 9780939934652

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This collection of 18 articles, originally published in Finance & Development and the IMF Survey, was written by Margaret Garritsen de Vries and constitutes a short history of the IMF's evolution.

The IMF and Global Financial Crises

The IMF and Global Financial Crises PDF

Author: Joseph P. Joyce

Publisher: Cambridge University Press

Published: 2013

Total Pages: 263

ISBN-13: 0521874173

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Joyce traces the IMF's actions to promote international financial stability from the Bretton Woods era through the recent recession.

Resetting the International Monetary (Non)System

Resetting the International Monetary (Non)System PDF

Author: José Antonio Ocampo

Publisher: Oxford University Press

Published: 2017

Total Pages: 296

ISBN-13: 019871811X

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Annotation Provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.

Pillaging the World

Pillaging the World PDF

Author: Ernst Wolff

Publisher:

Published: 2014-10-22

Total Pages: 208

ISBN-13: 9783828834385

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Depriving entire generations of their hopes for a better future, the International Monetary Fund (IMF) has risen to become the world's most powerful international financial organization. Blackmailing countries and pillaging whole continents for almost seven decades now, its history resembles a modern-day crusade against the working people on five continents. In his highly compelling account, journalist Ernst Wolff specifies the dramatic consequences of the IMF's practice of loan sharking and implementing neoliberal austerity measures. While exacerbating poverty, increasing hunger, furthering the spread of diseases and fuelling armed conflicts on the one hand, the Fund's policies have on the other hand helped a tiny group of ultra-rich profiteers increase their vast fortunes to immeasurable dimensions - allegedly in the name of ensuring the stability of the global financial system. // Ernst Wolff, born in 1950, spent his early childhood in South East Asia, went to school in Germany and studied history and philosophy in the US. He has worked in various professions, including journalism, translating and screenwriting. The interrelation between economics and politics, a subject he has been working on for four decades, has become of paramount significance to him. "The financial crisis of 2008 and the euro crisis were mere precursors of an impending financial tsunami whose destructive power the IMF and its allies will most certainly use as a pretext for globally imposing measures the likes of which we cannot even vaguely imagine at present."

The Globalizers

The Globalizers PDF

Author: Ngaire Woods

Publisher: Cornell University Press

Published: 2014-11-15

Total Pages: 272

ISBN-13: 0801456010

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The IMF and the World Bank have integrated a large number of countries into the world economy by requiring governments to open up to global trade, investment, and capital. They have not done this out of pure economic zeal. Politics and their own rules and habits explain much of why they have presented globalization as a solution to challenges they have faced in the world economy.—from the Introduction The greatest success of the International Monetary Fund and the World Bank has been as globalizers. But at whose cost? Would borrowing countries be better off without the IMF and World Bank? This book takes readers inside these institutions and the governments they work with. Ngaire Woods brilliantly decodes what they do and why they do it, using original research, extensive interviews carried out across many countries and institutions, and scholarship from the fields of economics, law, and politics. The Globalizers focuses on both the political context of IMF and World Bank actions and their impact on the countries in which they intervene. After describing the important debates between U.S. planners and the Allies in the 1944 foundation at Bretton Woods, she analyzes understandings of their missions over the last quarter century. She traces the impact of the Bank and the Fund in the recent economic history of Mexico, of post-Soviet Russia, and in the independent states of Africa. Woods concludes by proposing a range of reforms that would make the World Bank and the IMF more effective, equitable, and just.