The General Arrangements to Borrow [electronic resource] / Michael Ainley.
Material type:
TextSeries: Pamphlet Series; Pamphlet Series ; No. 41Publication details: Washington, D.C. : International Monetary Fund, 1984Description: 1 online resource (100 p.)ISBN: 1451981279 :ISSN: 0538-8759Subject(s): Balance of Payments | Gold | Monetary Fund | Monetary System | National Bank | Saudi Arabia | United Kingdom | United StatesAdditional physical formats: Print Version:: The General Arrangements to BorrowOnline resources: IMF e-Library | IMF Book Store Abstract: This paper examines the role of the IMF's first and longest-lasting borrowing arrangements, the General Arrangements to Borrow (GAB), from their inception in 1961-62 to their fundamental reform and enlargement in 1983. The General Arrangements were a product of the times. They were designed to help the IMF deal with growing strains in the par value system caused by the underlying balance-of-payments problems of the two major reserve centers, the United States and the United Kingdom. The General Arrangements were strengthened by the association of Switzerland, a nonmember of the IMF, in 1964.
This paper examines the role of the IMF's first and longest-lasting borrowing arrangements, the General Arrangements to Borrow (GAB), from their inception in 1961-62 to their fundamental reform and enlargement in 1983. The General Arrangements were a product of the times. They were designed to help the IMF deal with growing strains in the par value system caused by the underlying balance-of-payments problems of the two major reserve centers, the United States and the United Kingdom. The General Arrangements were strengthened by the association of Switzerland, a nonmember of the IMF, in 1964.
Description based on print version record.
There are no comments on this title.