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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.
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.
Book Synopsis The Fund's Concepts of Convertibility by : Joseph Gold
Download or read book The Fund's Concepts of Convertibility written by Joseph Gold and published by . This book was released on 1981 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Fund's Concepts of Convertibility by : Joseph Holf
Download or read book The Fund's Concepts of Convertibility written by Joseph Holf and published by . This book was released on 1971 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Fund's concept of convertibility by : Joseph Gold
Download or read book The Fund's concept of convertibility written by Joseph Gold and published by . This book was released on 1984 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fund's Concepts of Convertibility (Spanish). by : International Monetary Fund
Download or read book Fund's Concepts of Convertibility (Spanish). written by International Monetary Fund and published by . This book was released on 1985 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.
Book Synopsis Legal and institutional Aspects of the international Monetary System by : International Monetary Fund
Download or read book Legal and institutional Aspects of the international Monetary System written by International Monetary Fund and published by International Monetary Fund. This book was released on 1984-12-15 with total page 978 pages. Available in PDF, EPUB and Kindle. Book excerpt: IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.
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.
Bretton Woods constituted the first formal international agreement on a code of conduct applicable for economic transactions among countries that had subscribed to it. This pamphlet focuses on only one aspect of that code of conduct: the norms that have guided the conduct of financial and exchange transactions among countries, as they have been presented in the original Articles of Agreement of the IMF and their subsequent amendments. The paper outlines the fundamental characteristics of the IMF, examines the direct link between surveillance and conditionalilty, explores potential risks and dangers that might compromise certain fundamental features of the institution, and presents a set of ideas and proposals to ensure the activities of the IMF maintain continuity of its institutional uniqueness.
Book Synopsis The Unique Nature of the Responsibilities of the International Monetary Fund by : Mr.Manuel Guitián
Download or read book The Unique Nature of the Responsibilities of the International Monetary Fund written by Mr.Manuel Guitián and published by International Monetary Fund. This book was released on 1992-06-15 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bretton Woods constituted the first formal international agreement on a code of conduct applicable for economic transactions among countries that had subscribed to it. This pamphlet focuses on only one aspect of that code of conduct: the norms that have guided the conduct of financial and exchange transactions among countries, as they have been presented in the original Articles of Agreement of the IMF and their subsequent amendments. The paper outlines the fundamental characteristics of the IMF, examines the direct link between surveillance and conditionalilty, explores potential risks and dangers that might compromise certain fundamental features of the institution, and presents a set of ideas and proposals to ensure the activities of the IMF maintain continuity of its institutional uniqueness.
Written by Joseph Gold, former General Counsel and now Senior Consultant at the IMF, these volumes contain discussions of the ever-increasing body of cases in which the Articles have had a bearing on issues before the courts.
Book Synopsis The Fund Agreement in the Courts, Vol. III by : Mr.Joseph Gold
Download or read book The Fund Agreement in the Courts, Vol. III written by Mr.Joseph Gold and published by International Monetary Fund. This book was released on 1986-12-01 with total page 868 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by Joseph Gold, former General Counsel and now Senior Consultant at the IMF, these volumes contain discussions of the ever-increasing body of cases in which the Articles have had a bearing on issues before the courts.
