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Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475549490
Category : Business & Economics
Languages : en
Pages : 443
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Book Description
This paper outlines among the underdeveloped countries, some experienced an improvement in their balance of payments positions, enabling them to reduce restrictions on payments. Many of them, however, still had difficult balance of payments problems—because of such factors as rapid development and growth, a deterioration in their terms of trade, inflation, and other causes—and continued to apply exchange and import restrictions, or introduced additional restrictions, in an attempt to avoid undue pressure on the exchange rate and a drain on reserves. Taking a broad view of developments in the field of exchange restrictions during the past twelve months, it can be stated that it was a year of progress. The international payments system was strengthened further, and the net effect was a comparative calm in international exchange markets notwithstanding severe fluctuations on stock exchanges. The payments position and prospects of a range of countries enabled them to reduce and in some cases virtually to eliminate restrictions. Other countries that continued to experience balance of payments difficulties, such as India, Indonesia, and Ceylon, increased their import restrictions.
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475549490
Category : Business & Economics
Languages : en
Pages : 443
Get Book Here
Book Description
This paper outlines among the underdeveloped countries, some experienced an improvement in their balance of payments positions, enabling them to reduce restrictions on payments. Many of them, however, still had difficult balance of payments problems—because of such factors as rapid development and growth, a deterioration in their terms of trade, inflation, and other causes—and continued to apply exchange and import restrictions, or introduced additional restrictions, in an attempt to avoid undue pressure on the exchange rate and a drain on reserves. Taking a broad view of developments in the field of exchange restrictions during the past twelve months, it can be stated that it was a year of progress. The international payments system was strengthened further, and the net effect was a comparative calm in international exchange markets notwithstanding severe fluctuations on stock exchanges. The payments position and prospects of a range of countries enabled them to reduce and in some cases virtually to eliminate restrictions. Other countries that continued to experience balance of payments difficulties, such as India, Indonesia, and Ceylon, increased their import restrictions.
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475549571
Category : Business & Economics
Languages : en
Pages : 536
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Book Description
Annual Report on Exchange Arrangements and Exchange Restrictions 1964
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475548842
Category : Business & Economics
Languages : en
Pages : 203
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Book Description
Annual Report on Exchange Arrangements and Exchange Restrictions 1951
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 147554829X
Category : Business & Economics
Languages : en
Pages : 399
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Book Description
Annual Report on Exchange Arrangements and Exchange Restrictions 1962
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475549180
Category : Business & Economics
Languages : en
Pages : 384
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Book Description
Annual Report on Exchange Arrangements and Exchange Restrictions 1956
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475548753
Category : Business & Economics
Languages : en
Pages : 155
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Book Description
Annual Report on Exchange Arrangements and Exchange Restrictions 1950
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475548664
Category : Business & Economics
Languages : en
Pages : 404
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Book Description
Annual Report on Exchange Arrangements and Exchange Restrictions 1955
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475548915
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
Annual Report on Exchange Arrangements and Exchange Restrictions 1953
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475549261
Category : Business & Economics
Languages : en
Pages : 388
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Book Description
Annual Report on Exchange Arrangements and Exchange Restrictions 1957
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475548982
Category : Business & Economics
Languages : en
Pages : 380
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Book Description
This paper discusses actions taken by members themselves, particularly for the establishment of internal financial stability, are of primary importance for the elimination of restrictions. The IMF has sought to give its support to countries faced with the practical difficulty of establishing such policies, pointing out the importance of appropriate exchange rate policies in achieving a sound international financial position and the importance of internal stability for exchange rate policy. Many member countries have now reached a point where they are re-examining more carefully not only their need for the current level of restrictions, but also the more fundamental question of reliance upon restrictions to cope with balance of payments difficulties. In the first year of IMF consultations, although some countries were applying policies designed to produce favorable conditions for the removal of restrictions, most countries were so preoccupied with their immediate problems that any substantial withdrawal of restrictions was impracticable.