Shaping the Fund’s Policy for Exchange Liberalization

Teru Nishikawa ()
Additional contact information
Teru Nishikawa: Yokohama National University

Chapter Chapter 3 in History of the IMF, 2015, pp 47-66 from Springer

Abstract: Abstract The transition of the Western Europeans to Article VIII status in 1961 was the end of the postwar transitional period. The 1950s was the period when major countries gradually attained stability of their exchange rates against the U.S. dollar and exchange liberalization; in other words, the gap between the U.S. as an outstanding creditor and Europeans—the dollar shortage—disappeared. As the supply of dollars became excessive in the late 1950s, the stability of the international monetary system was gradually undermined and the world entered into the decade of a dollar crisis.

Keywords: International Monetary Fund; Current Account; Full Employment; Capital Movement; Major Country (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:stechp:978-4-431-55351-9_3

Ordering information: This item can be ordered from
http://www.springer.com/9784431553519

DOI: 10.1007/978-4-431-55351-9_3

Access Statistics for this chapter

More chapters in Studies in Economic History from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().