Currency Convertibility and the Fund

Currency Convertibility and the Fund

Author: Vicente Galbis

Publisher: International Monetary Fund

Published: 1996-04

Total Pages: 70

ISBN-13:

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This paper reviews experience with currency convertibility on both the current and capital accounts, with particular attention to the Fund’s concepts and policy implications. After discussing the basic concepts of convertibility, the paper reviews the experience with convertibility in three groups of Fund members--industrial countries, developing countries, and transition countries. The paper also discusses some policy options designed to encourage acceptance of convertibility by Fund members that have not yet done so.


Book Synopsis Currency Convertibility and the Fund by : Vicente Galbis

Download or read book Currency Convertibility and the Fund written by Vicente Galbis and published by International Monetary Fund. This book was released on 1996-04 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews experience with currency convertibility on both the current and capital accounts, with particular attention to the Fund’s concepts and policy implications. After discussing the basic concepts of convertibility, the paper reviews the experience with convertibility in three groups of Fund members--industrial countries, developing countries, and transition countries. The paper also discusses some policy options designed to encourage acceptance of convertibility by Fund members that have not yet done so.


Fund's Concepts of Convertibility

Fund's Concepts of Convertibility

Author: Joseph Gold

Publisher: International Monetary Fund

Published: 1971-01-04

Total Pages: 80

ISBN-13:

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This paper examines the IMF’s concepts of convertibility and gives some impression of their purposes. The central concept of convertibility in the Articles is the convertibility of Article VIII, Sections 2, 3, and 4. Under it, the basic rule is that members must avoid restrictions on the making of payments and transfers for current international transactions, multiple currency practices, and discriminatory currency arrangements. In addition, a member that has accepted the obligations of Article VIII must convert balances of its currency in certain circumstances when those balances are presented for conversion by the monetary authorities of another member.


Book Synopsis Fund's Concepts of Convertibility by : Joseph Gold

Download or read book Fund's Concepts of Convertibility written by Joseph Gold and published by International Monetary Fund. This book was released on 1971-01-04 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the IMF’s concepts of convertibility and gives some impression of their purposes. The central concept of convertibility in the Articles is the convertibility of Article VIII, Sections 2, 3, and 4. Under it, the basic rule is that members must avoid restrictions on the making of payments and transfers for current international transactions, multiple currency practices, and discriminatory currency arrangements. In addition, a member that has accepted the obligations of Article VIII must convert balances of its currency in certain circumstances when those balances are presented for conversion by the monetary authorities of another member.


Adopting Currency Convertibility

Adopting Currency Convertibility

Author: Peter J. Quirk

Publisher: International Monetary Fund

Published: 1994-08-01

Total Pages: 28

ISBN-13: 1451950055

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This paper analyses issues for developing countries with structurally sound balance of payments that are considering a move to full currency convertibility. The main experiences of industrial countries in their decontrol of international capital transactions are reviewed, with an emphasis on the implications for monetary policy. The paper deals both with stabilization, and the prudential issues, which are especially important in view of the potential for speculative bubbles. Respective roles of the international organizations, IMF, OECD, and the GATT, in assisting the capital liberalization process are discussed.


Book Synopsis Adopting Currency Convertibility by : Peter J. Quirk

Download or read book Adopting Currency Convertibility written by Peter J. Quirk and published by International Monetary Fund. This book was released on 1994-08-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses issues for developing countries with structurally sound balance of payments that are considering a move to full currency convertibility. The main experiences of industrial countries in their decontrol of international capital transactions are reviewed, with an emphasis on the implications for monetary policy. The paper deals both with stabilization, and the prudential issues, which are especially important in view of the potential for speculative bubbles. Respective roles of the international organizations, IMF, OECD, and the GATT, in assisting the capital liberalization process are discussed.


Exchange Rate Arrangements and Currency Convertibility

Exchange Rate Arrangements and Currency Convertibility

Author: Mr.R. B. Johnston

Publisher: International Monetary Fund

Published: 1999-09-24

Total Pages: 190

ISBN-13: 9781557757951

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This study reviews the developments and issues in the exchange arrangements and currency convertibility of IMF members. The principal information source for this report is the Annual Report on Exchange Arrangements and Exchange Restrictions prepared in consultation with national authorities.


Book Synopsis Exchange Rate Arrangements and Currency Convertibility by : Mr.R. B. Johnston

Download or read book Exchange Rate Arrangements and Currency Convertibility written by Mr.R. B. Johnston and published by International Monetary Fund. This book was released on 1999-09-24 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews the developments and issues in the exchange arrangements and currency convertibility of IMF members. The principal information source for this report is the Annual Report on Exchange Arrangements and Exchange Restrictions prepared in consultation with national authorities.


Currency Convertibility and the Transformation of Centrally Planned Economies

Currency Convertibility and the Transformation of Centrally Planned Economies

Author: Mr.Joshua E. Greene

Publisher: International Monetary Fund

Published: 1991-03-15

Total Pages: 40

ISBN-13: 9781557752147

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This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.


Book Synopsis Currency Convertibility and the Transformation of Centrally Planned Economies by : Mr.Joshua E. Greene

Download or read book Currency Convertibility and the Transformation of Centrally Planned Economies written by Mr.Joshua E. Greene and published by International Monetary Fund. This book was released on 1991-03-15 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.


Currency Convertibility in the Economic Community of West African States

Currency Convertibility in the Economic Community of West African States

Author: Mr.Saleh M. Nsouli

Publisher: International Monetary Fund

Published: 1982-08-16

Total Pages: 56

ISBN-13: 9781557750594

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One of the principal aims of the effort to integrate the economies of the 16 member countries of the Economic Community of West African States (ECOWAS) is to expand intra-Community trade. This objective is to be achieved partly through the elimination of quantitive and other restrictions on trade.


Book Synopsis Currency Convertibility in the Economic Community of West African States by : Mr.Saleh M. Nsouli

Download or read book Currency Convertibility in the Economic Community of West African States written by Mr.Saleh M. Nsouli and published by International Monetary Fund. This book was released on 1982-08-16 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the principal aims of the effort to integrate the economies of the 16 member countries of the Economic Community of West African States (ECOWAS) is to expand intra-Community trade. This objective is to be achieved partly through the elimination of quantitive and other restrictions on trade.


Currency Convertibility

Currency Convertibility

Author: Sumati Varma

Publisher:

Published: 2007

Total Pages: 284

ISBN-13:

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This book explains and examines various aspects of currency convertibility risks and their management. With focus on India, it discusses convertibility experiences of a number of Latin American countries (Argentina, Brazil, Mexico, Chile, Colombia, Peru, Paraguay, Venezuela, Bolivia and Ecuador) amd selected countries of East and South-East Asia (Thailand, help to understand the requisites of a regime of sustainable convertibility.)


Book Synopsis Currency Convertibility by : Sumati Varma

Download or read book Currency Convertibility written by Sumati Varma and published by . This book was released on 2007 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains and examines various aspects of currency convertibility risks and their management. With focus on India, it discusses convertibility experiences of a number of Latin American countries (Argentina, Brazil, Mexico, Chile, Colombia, Peru, Paraguay, Venezuela, Bolivia and Ecuador) amd selected countries of East and South-East Asia (Thailand, help to understand the requisites of a regime of sustainable convertibility.)


Currency Convertibility in the Middle East and North Africa

Currency Convertibility in the Middle East and North Africa

Author: Mr.Saleh M. Nsouli

Publisher: International Monetary Fund

Published: 1996-11-05

Total Pages: 204

ISBN-13: 9781557755643

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Currency convertibility is a far-reaching instrument to facilitate integration into the global economy. With it a country can gain the benefits of increased freedom in capital movements and of fostering trade and financial linkages worldwide. A seminar sponsored by the Arab Monetary Fund and the IMF, held in Marrakesh, Morocco, discussed the theoretical and empirical aspects of currency convertibility in the Arab countries. The volume, edited by Manuel Guitián and Saleh M. Nsouli, reproduces the papers presented at the seminar.


Book Synopsis Currency Convertibility in the Middle East and North Africa by : Mr.Saleh M. Nsouli

Download or read book Currency Convertibility in the Middle East and North Africa written by Mr.Saleh M. Nsouli and published by International Monetary Fund. This book was released on 1996-11-05 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currency convertibility is a far-reaching instrument to facilitate integration into the global economy. With it a country can gain the benefits of increased freedom in capital movements and of fostering trade and financial linkages worldwide. A seminar sponsored by the Arab Monetary Fund and the IMF, held in Marrakesh, Morocco, discussed the theoretical and empirical aspects of currency convertibility in the Arab countries. The volume, edited by Manuel Guitián and Saleh M. Nsouli, reproduces the papers presented at the seminar.


Trade Reform Under Partial Currency Convertibility

Trade Reform Under Partial Currency Convertibility

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1988-08-02

Total Pages: 28

ISBN-13: 1451960581

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This paper discusses the macroeconomic implications of trade reform in the presence of capital account restrictions. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a multiple exchange rate system. The results of the analysis indicate that the preferred sequence of liberalization need not be of the commonly advocated “current account first” variety, and that real depreciation rather than real appreciation is in fact a more probable outcome following domestic tariff liberalization.


Book Synopsis Trade Reform Under Partial Currency Convertibility by : International Monetary Fund

Download or read book Trade Reform Under Partial Currency Convertibility written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-08-02 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the macroeconomic implications of trade reform in the presence of capital account restrictions. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a multiple exchange rate system. The results of the analysis indicate that the preferred sequence of liberalization need not be of the commonly advocated “current account first” variety, and that real depreciation rather than real appreciation is in fact a more probable outcome following domestic tariff liberalization.


The Multilateral System of Payments

The Multilateral System of Payments

Author: Mr.Joseph Gold

Publisher: International Monetary Fund

Published: 1981

Total Pages: 48

ISBN-13:

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Volume 26 of the Collected Writings of John Maynard Keynes records for the first time a strange episode in the development of the International Monetary Fund.


Book Synopsis The Multilateral System of Payments by : Mr.Joseph Gold

Download or read book The Multilateral System of Payments written by Mr.Joseph Gold and published by International Monetary Fund. This book was released on 1981 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 26 of the Collected Writings of John Maynard Keynes records for the first time a strange episode in the development of the International Monetary Fund.