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This paper outlines the changes that took place in restrictive systems were largely a reflection of shifts in the balance of payments positions and outlook of member countries. The country surveys show that these changes were numerous. Several countries, including the United Kingdom and the United States, took steps to moderate capital outflows. The range of restrictive devices applied by some countries appears to have widened in recent years. The use of advance import deposit requirements has spread, and more countries are applying surcharges to imports when in balance of payments difficulties. In contrast, a number of member countries whose restrictive systems have been progressively liberalized in recent years have relied on internal measures to meet temporary balance of payments difficulties rather than resort to restrictions. By making use of the IMF’s resources several member countries have been able to maintain or extend their liberalization policies.
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1965 by : International Monetary Fund. External Relations Dept.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1965 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1965-09-01 with total page 607 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines the changes that took place in restrictive systems were largely a reflection of shifts in the balance of payments positions and outlook of member countries. The country surveys show that these changes were numerous. Several countries, including the United Kingdom and the United States, took steps to moderate capital outflows. The range of restrictive devices applied by some countries appears to have widened in recent years. The use of advance import deposit requirements has spread, and more countries are applying surcharges to imports when in balance of payments difficulties. In contrast, a number of member countries whose restrictive systems have been progressively liberalized in recent years have relied on internal measures to meet temporary balance of payments difficulties rather than resort to restrictions. By making use of the IMF’s resources several member countries have been able to maintain or extend their liberalization policies.
This paper discusses developments in individual countries reflected domestic policies, but also the way in which their economies were affected by international economic developments. Generally, countries that have assumed the obligations of Article VIII of the IMF Agreement—and which as noted in the last Report account for some 70 per cent of world trade—were making less use of restrictions, and some were able further to reduce that use in 1965–1966. At the outset of 1965 there were a number of disturbing tendencies in the international payments situation. The growth of international trade was noticeably slackening, and the prices of primary products were declining. Among the industrial countries export increases in 1965 were generally largest for those whose payments positions were already strong and whose restrictions on payments had been largely eliminated. Thus, the member countries of the European Economic Community (EEC) had a very satisfactory expansion of exports; this was partly associated with economic developments in France and Italy, where some easing of domestic demand released resources for export.
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1966 by : International Monetary Fund. External Relations Dept.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1966 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1966-09-01 with total page 645 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses developments in individual countries reflected domestic policies, but also the way in which their economies were affected by international economic developments. Generally, countries that have assumed the obligations of Article VIII of the IMF Agreement—and which as noted in the last Report account for some 70 per cent of world trade—were making less use of restrictions, and some were able further to reduce that use in 1965–1966. At the outset of 1965 there were a number of disturbing tendencies in the international payments situation. The growth of international trade was noticeably slackening, and the prices of primary products were declining. Among the industrial countries export increases in 1965 were generally largest for those whose payments positions were already strong and whose restrictions on payments had been largely eliminated. Thus, the member countries of the European Economic Community (EEC) had a very satisfactory expansion of exports; this was partly associated with economic developments in France and Italy, where some easing of domestic demand released resources for export.
Annual Report on Exchange Arrangements and Exchange Restrictions 1964
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1964 by : International Monetary Fund. External Relations Dept.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1964 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1964-09-01 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Report on Exchange Arrangements and Exchange Restrictions 1964
Annual Report on Exchange Arrangements and Exchange Restrictions 1953
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1953 by : International Monetary Fund. External Relations Dept.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1953 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1953-09-01 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Report on Exchange Arrangements and Exchange Restrictions 1953
Annual Report on Exchange Arrangements and Exchange Restrictions 1955
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1955 by : International Monetary Fund. External Relations Dept.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1955 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1955-09-01 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Report on Exchange Arrangements and Exchange Restrictions 1955
Annual Report on Exchange Arrangements and Exchange Restrictions 1950
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1950 by : International Monetary Fund. External Relations Dept.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1950 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1950-09-01 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Report on Exchange Arrangements and Exchange Restrictions 1950
Annual Report on Exchange Arrangements and Exchange Restrictions 1951
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1951 by : International Monetary Fund. External Relations Dept.
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
Annual Report on Exchange Arrangements and Exchange Restrictions 1956
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1956 by : International Monetary Fund. External Relations Dept.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1956 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1956-09-03 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Report on Exchange Arrangements and Exchange Restrictions 1956
Annual Report on Exchange Arrangements and Exchange Restrictions 1957
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1957 by : International Monetary Fund. External Relations Dept.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1957 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1957-09-02 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Report on Exchange Arrangements and Exchange Restrictions 1957
This paper focuses on progress in reducing or eliminating exchange restrictions that has been substantial and has been made on a wide front; retrogressions have been comparatively few. The beneficial effects of the widening scope of currency convertibility have been felt in many areas, and the evolution toward freer, more orderly, and less discriminatory trade and payments has been strongly supported by a high level of economic activity, expanding international trade, and the general maintenance of monetary stability. Recent developments in trade and payments have not merely reduced the scope of restrictions; they have also changed the nature of these restrictions. Of key importance was the introduction of external convertibility by several countries at the end of 1958. Quotations for externally convertible currencies in exchange markets throughout the world have shown only minor fluctuations in the past twelve months. Most Western European currencies have generally been strong in terms of the US dollar.
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1960 by : International Monetary Fund. External Relations Dept.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1960 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1960-09-01 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on progress in reducing or eliminating exchange restrictions that has been substantial and has been made on a wide front; retrogressions have been comparatively few. The beneficial effects of the widening scope of currency convertibility have been felt in many areas, and the evolution toward freer, more orderly, and less discriminatory trade and payments has been strongly supported by a high level of economic activity, expanding international trade, and the general maintenance of monetary stability. Recent developments in trade and payments have not merely reduced the scope of restrictions; they have also changed the nature of these restrictions. Of key importance was the introduction of external convertibility by several countries at the end of 1958. Quotations for externally convertible currencies in exchange markets throughout the world have shown only minor fluctuations in the past twelve months. Most Western European currencies have generally been strong in terms of the US dollar.
