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.

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.

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.

Currency Convertibility in the Middle East and North Africa

Currency Convertibility in the Middle East and North Africa PDF

Author: Mr.Saleh M. Nsouli

Publisher: International Monetary Fund

Published: 1996-11-05

Total Pages: 204

ISBN-13: 9781557755643

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Currency convertibility is a far-reaching instrument to facilitate integration into the global economy. With it a country can gain the benefits of increased freedom in capital movements and of fostering trade and financial linkages worldwide. A seminar sponsored by the Arab Monetary Fund and the IMF, held in Marrakesh, Morocco, discussed the theoretical and empirical aspects of currency convertibility in the Arab countries. The volume, edited by Manuel Guitián and Saleh M. Nsouli, reproduces the papers presented at the seminar.

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.

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