The IMF and Germany: Currency Crisis and Exchange Rate Policy

Ayako Ishizaka ()
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Ayako Ishizaka: Aichi Shukutoku University, Faculty of Business

Chapter Chapter 8 in History of the IMF, 2015, pp 165-184 from Springer

Abstract: Abstract This chapter will focus on the relationship between the International Monetary Fund (IMF) and the Federal Republic of Germany (Germany hereinafter) from the 1950s through the start of the 1960s. During this period, Germany rapidly advanced liberalization of trade and foreign exchange as it accumulated gold and foreign reserve through its current account surplus. Despite the fact that Germany had joined the IMF in August 1952, since by that point in time Germany already had a current account surplus it did not have the opportunity to receive financial support from the IMF, and already by 1956 its liberalization of trade and foreign exchange largely was complete.

Keywords: Exchange Rate; International Monetary Fund; Foreign Exchange; Foreign Exchange Market; Current Account Surplus (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:stechp:978-4-431-55351-9_8

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DOI: 10.1007/978-4-431-55351-9_8

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