A Role for the International Monetary Fund in Economic Development

Graham Bird

Chapter 4 in Managing Global Money, 1988, pp 63-83 from Palgrave Macmillan

Abstract: Abstract One of the effects of the world’s faltering economic performance as well as of changing political attitudes in some large and powerful countries is that the activities of international institutions in general and the International Monetary Fund (IMF) in particular have recently come under close scrunity. Having had a significant proportion of the part allocated to it at Bretton Woods in 1944 written out by the move to generalised floating and the evolution of a non-centralised method of international reserve creation, there is now some debate as to whether the Fund can fulfil any useful role in the 1980s and beyond, and, if so, what this role should be.

Keywords: International Monetary Fund; Domestic Credit; International Monetary Fund Programme; Payment Problem; Private Banking Sector (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09588-9_4

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DOI: 10.1007/978-1-349-09588-9_4

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