Annual Report On Exchange Arrangements And Exchange Restrictions 1952

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475548540
Total Pages : 240 pages
Book Rating : 4.4/5 (755 download)

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Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1952 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1952-09-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper recognizes the difficulties and problems being faced by member countries under present circumstances and the uncertainties resulting from the strained international situation and rearmament. After the various relaxations and intensifications, there still remains a widespread use of restrictive practices by the IMF’s members. Despite some similarity between the restrictive systems of different countries, there is, as noted, a widespread diversity in the practices of IMF members. Multiple currency practices of many types and a variety of other devices are employed either in isolation or in combination. The purpose of many of the restrictions employed is to cope with balance of payments difficulties of the country imposing them. Some of the difficulties, however, are the result of measures in important export markets. Limitations on imports by one country, through exchange or trade restrictions or other devices, restrict the earnings of other countries and consequently may result in the latter restricting their payments.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475548842
Total Pages : 203 pages
Book Rating : 4.4/5 (755 download)

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Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1951 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1951-09-03 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Report on Exchange Arrangements and Exchange Restrictions 1951

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475548982
Total Pages : 380 pages
Book Rating : 4.4/5 (755 download)

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Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1954 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1954-09-01 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses actions taken by members themselves, particularly for the establishment of internal financial stability, are of primary importance for the elimination of restrictions. The IMF has sought to give its support to countries faced with the practical difficulty of establishing such policies, pointing out the importance of appropriate exchange rate policies in achieving a sound international financial position and the importance of internal stability for exchange rate policy. Many member countries have now reached a point where they are re-examining more carefully not only their need for the current level of restrictions, but also the more fundamental question of reliance upon restrictions to cope with balance of payments difficulties. In the first year of IMF consultations, although some countries were applying policies designed to produce favorable conditions for the removal of restrictions, most countries were so preoccupied with their immediate problems that any substantial withdrawal of restrictions was impracticable.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475548176
Total Pages : 406 pages
Book Rating : 4.4/5 (755 download)

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Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1961 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1961-09-01 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses that total world trade rose significantly, particularly because of sustained European demand. With some exceptions, prices of basic products fell during the period. In this economic environment, developments in exchange markets became of focal interest to the IMF. The cumulative effect during recent years of relaxing surrender requirements and restrictions on payments has been very largely to restore to exchange markets their traditional function of reflecting the trend of international financial pressures. The difficulties that several countries faced in coordinating their internal and external monetary policies accentuated the international movements of short-term funds which had become increasingly important in preceding years. In particular, the Federal Republic of Germany and Switzerland received large amounts of foreign funds. Some countries continued to reduce their restrictions, particularly in the direction of simplifying exchange systems and liberalizing imports. These moves made a contribution toward sustaining the volume of world trade.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475549318
Total Pages : 398 pages
Book Rating : 4.4/5 (755 download)

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Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1958 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1958-09-01 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses relatively little overall progress in the formal relaxation of restrictions. Certainly, progress in this respect was much less than in the immediately preceding years. On the other hand, there was a significant strengthening of most internationally traded currencies, particularly in the opening months of 1958. The rates in free markets began to approximate the rates in official markets. In this respect, there was continued progress toward what is commonly called external convertibility, although the present position still falls short of formal external convertibility. In some countries, restrictions were relaxed to only a limited extent, partly because earlier relaxations had left only restrictions of a protective nature and partly because of the more complex nature of the economic trends which characterized the period. In the light of these trends and, more particularly, of the currency speculation which arose during the middle of the period, it is notable that most countries were able to defend the progress toward freer trade and payments which had been made earlier.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475549490
Total Pages : 443 pages
Book Rating : 4.4/5 (755 download)

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Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1963 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1963-09-02 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines among the underdeveloped countries, some experienced an improvement in their balance of payments positions, enabling them to reduce restrictions on payments. Many of them, however, still had difficult balance of payments problems—because of such factors as rapid development and growth, a deterioration in their terms of trade, inflation, and other causes—and continued to apply exchange and import restrictions, or introduced additional restrictions, in an attempt to avoid undue pressure on the exchange rate and a drain on reserves. Taking a broad view of developments in the field of exchange restrictions during the past twelve months, it can be stated that it was a year of progress. The international payments system was strengthened further, and the net effect was a comparative calm in international exchange markets notwithstanding severe fluctuations on stock exchanges. The payments position and prospects of a range of countries enabled them to reduce and in some cases virtually to eliminate restrictions. Other countries that continued to experience balance of payments difficulties, such as India, Indonesia, and Ceylon, increased their import restrictions.