Author: NA NA
Publisher: Springer
Published: 2015-12-22
Total Pages: 219
ISBN-13: 1349817384
DOWNLOAD EBOOK →Author: Max Corden
Publisher:
Published: 2008
Total Pages:
ISBN-13:
DOWNLOAD EBOOK →The International Monetary Fund (henceforth "the IMF" or "the Fund") was conceived at a conference at the Mount Washington Hotel in Bretton Woods, New Hampshire, in July 1944 and its Articles of Agreement entered into force in December 1945. The World Bank (henceforth "the Bank") was set up at the same time. The IMF was established to promote international monetary cooperation and the elimination of exchange restrictions on current account transactions; to facilitate trade, economic growth and high levels of employment; to foster exchange rate stability, and to provide temporary financial assistance to countries so as to ease balance of payments adjustment. More specifically, it was given the role of supervising a system of pegged but adjustable exchange rates, which became known as the Bretton Woods System. In the first two sections of this paper we explain how the Bretton Woods system worked, and why it broke down in 1971. In the following sections we consider the roles which the Fund now plays, which differ from its original activities. They are: surveillance, ensuring stability for the international financial system and for individual economies within this system, and assisting the world's poorest economies. As part of each of these three activities, the Fund also provides policy advice and technical assistance. This is a much less clear collection of responsibilities, and, as a result, the future direction of the Fund is somewhat uncertain. The aim of this paper is to review the achievements of the Fund, and also the challenges that lie ahead. A related overview of some of the issues discussed here can be found in Gilbert and Vines (2004).
Author: Gérard M. Teyssier
Publisher:
Published: 1990
Total Pages: 14
ISBN-13: 9781557751607
DOWNLOAD EBOOK →Author: Orin Kirshner
Publisher: Routledge
Published: 2015-07-17
Total Pages: 371
ISBN-13: 1317458176
DOWNLOAD EBOOK →A collection by founders and early leaders of the International Monetary Fund (IMF), the World Bank, and the General Agreement on Tariffs and Trade (GATT), presenting the current thinking on the past, present and future of the postwar system of international finance and trade.
Author: Derek Chisholm
Publisher:
Published: 1983
Total Pages: 108
ISBN-13:
DOWNLOAD EBOOK →"This study examines the international monetary system in retrospect and in prospect from a Canadian perspective. Chapter I discusses the central economic characteristices that constitute an international monetary system...The second chapter traces the historical dimensions by reviewing the changing constitution of the international monetary system from the end of the nineteenth century gold standard in 1914 to the termination of gold's long-standig role in international payments in 1973. Chapter III chronicles the history of the contemporary international monetary system over the last decade. Chapter IV shifts from a retrospective approach to outline the problems for corporate financial management that arise within the contemporary monetary system. Chapter V addresses the problems created for national economic policy by the current international monetary system. Chapter VI concludes the study by reviewing the prospective future evolution of the international monetary system in light of the problems identified in the two preceding chapters.--Foreword.