American in the Shadows : Harry Dexter White and the Design of the International Monetary Fund /

Two economists designed the main features of the charter of the IMF during World War II: John Maynard Keynes and Harry Dexter White. Several of those features are attributable primarily to White, including the adoption of fixed but adjustable exchange rates, the funding of operations with national c...

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Detalhes bibliográficos
Autor principal: Boughton, James
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2006.
Colecção:IMF Working Papers; Working Paper ; No. 2006/006
Acesso em linha:Full text available on IMF
Descrição
Resumo:Two economists designed the main features of the charter of the IMF during World War II: John Maynard Keynes and Harry Dexter White. Several of those features are attributable primarily to White, including the adoption of fixed but adjustable exchange rates, the funding of operations with national currencies deposited by member states, extending credits through currency swaps rather than conventional loans, making these credits subject to policy conditions, and encouraging members to retain capital controls as an option for use in difficult circumstances. This study of archival material helps to uncover White's role in this design process.
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Descrição Física:1 online resource (21 pages)
Formato:Mode of access: Internet
ISSN:1018-5941
Acesso:Electronic access restricted to authorized BRAC University faculty, staff and students