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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 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 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 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 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 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 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.
This paper highlights some particularly sharp movements in the effective exchange rates of a number of the currencies of major industrial countries during 1978 and early 1979. These changes followed sizable, but less pronounced movements in the effective exchange rates of some of these currencies in 1977. A number of major policy actions affecting exchange rates were announced by the United States during the period under review. In January 1978, the United States reaffirmed that it would intervene to the extent necessary to counter disorderly conditions in the exchange markets and that for this purpose it would utilize the Exchange Stabilization Fund of the US Treasury and the US$20 billion swap network of the US Federal Reserve System. During the period under review, a number of other member countries adopted new exchange arrangements or modified their existing exchange arrangements. These changes reflected a continuation of the trend observed in recent years for members to adapt existing exchange arrangements to their own institutional circumstances and individual policy needs.
Book Synopsis Annual Report on Exchange Arrangements and Exchange Restrictions 1979 by : International Monetary Fund. External Relations Dept.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1979 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1979-09-03 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights some particularly sharp movements in the effective exchange rates of a number of the currencies of major industrial countries during 1978 and early 1979. These changes followed sizable, but less pronounced movements in the effective exchange rates of some of these currencies in 1977. A number of major policy actions affecting exchange rates were announced by the United States during the period under review. In January 1978, the United States reaffirmed that it would intervene to the extent necessary to counter disorderly conditions in the exchange markets and that for this purpose it would utilize the Exchange Stabilization Fund of the US Treasury and the US$20 billion swap network of the US Federal Reserve System. During the period under review, a number of other member countries adopted new exchange arrangements or modified their existing exchange arrangements. These changes reflected a continuation of the trend observed in recent years for members to adapt existing exchange arrangements to their own institutional circumstances and individual policy needs.