History of the IMF: Organization, Policy, and Market (Studies in Economic History)

This book describes the history of the IMF from its birth, through the Bretton Woods era, and in the aftermath. Special attention is paid to integrating IMF history with the macro-economic policies of member countries and of other international institutions as well. This collection of work presents a clear understanding, inter alia, of the influence of the United States over IMF policy via the National Advisory Committee; the dealings of the IMF with the UK on pound sterling policy; the institutional change of the IMF brought about by Per Jacobsson, the third managing director; and France, Italy, Germany, Canada, and Japan vis-©ℓ-vis IMF consultations. It also provides the reader with topics concerning the bankersℓ́ℓ acceptance market function and international liquidity issues in relation to IMF policy; the final chapter sheds light on the long-standing relations between the IMF and China, from the Bretton Woods Agreement to the contemporary period. All the chapters are archive-based academic studies providing deep insights with historical background, which makes this book the first thoroughly independent achievement in the field of IMF history. This book is highly recommended to readers interested in contemporary monetary and financial history and those who seek to obtain a coherent image of postwar international institutions and markets Front Matter ....Pages i-xx Front Matter ....Pages 1-1 Pre-history of the IMF: Debates in the UK and Anglo-American Negotiation (Masanao Itoh)....Pages 3-24 U.S. International Monetary Policy for the IMF (Isao Suto)....Pages 25-45 Shaping the Fund’s Policy for Exchange Liberalization (Teru Nishikawa)....Pages 47-66 “Maybe the Fund needs something else.” Per Jacobsson, from the Bank for International Settlements to the International Monetary Fund, 1931–1963 (Piet Clement)....Pages 67-94 International Liquidity Problems in the 1960s: The Examination of the Minutes of the Executive Board of the International Monetary Fund (Yasutoshi Noshita)....Pages 95-124 Restoration of European Currency Convertibility and Securing International Liquidity: The IMF and Key Currencies (Masayoshi Tsurumi)....Pages 125-144 Front Matter ....Pages 145-145 The IMF and France (1944–1960): A “Cooperative Game” in the Bretton Woods System (Kazuhiko Yago)....Pages 147-164 The IMF and Germany: Currency Crisis and Exchange Rate Policy (Ayako Ishizaka)....Pages 165-184 The IMF and Italy: Trade Liberalization and Return to Convertibility (Kanna Ito)....Pages 185-206 The IMF and Canada: From Floating to Fixed Exchange Rates (Ayumu Sugawara)....Pages 207-223 Japan’s Participation in the IMF and Settlement of Its Prewar Foreign Debt (Makoto Kishida)....Pages 225-247 The IMF and Japan: Liberalization of Foreign Exchange and Pursuit of High Growth (Yoshio Asai)....Pages 249-273 China and the International Monetary Fund 1945–1985 (Catherine R. Schenk)....Pages 275-309 Back Matter ....Pages 311-324 This book describes the history of the IMF from its birth, through the Bretton Woods era, and in the aftermath. Special attention is paid to integrating IMF history with the macro-economic policies of member countries and of other international institutions as well. This collection of work presents a clear understanding, inter alia, of the influence of the United States over IMF policy via the National Advisory Committee; the dealings of the IMF with the UK on pound sterling policy; the institutional change of the IMF brought about by Per Jacobsson, the third managing director; and France, Italy, Germany, Canada, and Japan vis-©¡-vis IMF consultations. It also provides the reader with topics concerning the bankerѕђ́ة acceptance market function and international liquidity issues in relation to IMF policy; the final chapter sheds light on the long-standing relations between the IMF and China, from the Bretton Woods Agreement to the contemporary period. All the chapters are archive-based academic studies providing deep insights with historical background, which makes this book the first thoroughly independent achievement in the field of IMF history. This book is highly recommended to readers interested in contemporary monetary and financial history and those who seek to obtain a coherent image of postwar international institutions and markets This book describes the history of the IMF from its birth, through the Bretton Woods era, and in the aftermath. Special attention is paid to integrating IMF history with the macro-economic policies of member countries and of other international institutions as well. This collection of work presents a clear understanding, inter alia, of the influence of the United States over IMF policy via the National Advisory Committee; the dealings of the IMF with the UK on pound sterling policy; the institutional change of the IMF brought about by Per Jacobsson, the third managing director; and France, Italy, Germany, Canada, and Japan vis-©l-vis IMF consultations. It also provides the reader with topics concerning the bankersĺl acceptance market function and international liquidity issues in relation to IMF policy; the final chapter sheds light on the long-standing relations between the IMF and China, from the Bretton Woods Agreement to the contemporary period. All the chapters are archive-based academic studies providing deep insights with historical background, which makes this book the first thoroughly independent achievement in the field of IMF history. This book is highly recommended to readers interested in contemporary monetary and financial history and those who seek to obtain a coherent image of postwar international institutions and markets This book describes the history of the IMF from its birth, through the Bretton Woods era, and in the aftermath. Special attention is paid to integrating IMF history with the macro-economic policies of member countries and of other international institutions as well. This collection of work presents a clear understanding, inter alia, of the influence of the United States over IMF policy via the National Advisory Committee; the dealings of the IMF with the UK on pound sterling policy; the institutional change of the IMF brought about by Per Jacobsson, the third managing director; and France, Italy, Germany, Canada, and Japan vis-à-vis IMF consultations. It also provides the reader with topics concerning the bankers’ acceptance market function and international liquidity issues in relation to IMF policy; the final chapter sheds light on the long-standing relations between the IMF and China, from the Bretton Woods Agreement to the contemporary period. All the chapters are archive-based academic studies providing deep insights with historical background, which makes this book the first thoroughly independent achievement in the field of IMF history. This book is highly recommended to readers interested in contemporary monetary and financial history and those who seek to obtain a coherent image of postwar international institutions and markets.