The General Arrangements to Borrow /

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...

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Bibliographic Details
Main Author: Ainley, Michael
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1984.
Series:Pamphlet Series; Pamphlet Series, ; No. 41
Online Access:Full text available on IMF
Description
Summary: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.
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Physical Description:1 online resource (100 pages)
Format:Mode of access: Internet
ISSN:0538-8759
Access:Electronic access restricted to authorized BRAC University faculty, staff and students