The Position of the Czech Republic at the International Monetary Fund

Postavení České republiky v Mezinárodním měnovém fondu

Jana Marková

Český finanční a účetní časopis, 2014, vol. 2014, issue 3, 91-106

Abstract: The following article first discusses the first membership of Czechoslovakia in the International Monetary Fund in the years 1945 - 1954 and describes the circumstances of our exclusion from this institution. Czechoslovakia was one of the founding countries of the Bretton-Woods institutions and our position at the IMF was initially very good. The change of political and economic orientation after February 1948 led to a gradual deterioration of our relations with the IMF, which ultimately resulted into our exclusion from both institutions. Next part of the paper is devoted to the position of the Czech Republic at the IMF since the restoration of its membership in the year 1990. Since then, our position in this institution changed. From the beneficiary of financial and technical assistance we have become creditors of the IMF and participate and provide technical assistance. Our foreign currency exposure to the IMF grows, increasing the risk of payment failure of so invested financial means.

Keywords: Bretton Woods Monetary System; International Monetary Fund; Governance Reform; Reform of Member Country's Quotas; Bretton-Woodský měnový systém; Mezinárodní měnový fond; Reforma governance; Reforma členských kvót (search for similar items in EconPapers)
JEL-codes: F33 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.18267/j.cfuc.411

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