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Jacques J. Polak and the Evolution of the International Monetary System

James M Boughton

IMF Economic Review, 2011, vol. 59, issue 2, 379-399

Abstract: Jacques J. Polak influenced the evolution of the international financial system, including by developing a seminal monetary model of the balance of payments that could be applied empirically in developing countries; by making essential contributions to the design and development of the SDR; and through his research publications on a variety of theoretical and empirical topics relevant to international economic and financial policies. This paper summarizes his life and assesses his professional output.

Date: 2011
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