The IMF monetary model at forty /
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Author / Creator: | Polak, J. J. (Jacques Jacobus), 1914-2010. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, Research Dept., ©1997. |
Description: | 1 online resource (20 pages) |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/97/49 IMF working paper ; WP/97/49. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/13357292 |
Summary: | A model reflecting the monetary approach to the balance of payments was developed in the International Monetary Fund (IMF) in the 1950s. Its purpose was to integrate monetary, income, and balance of payments analysis, and it became the basis of the conditionality applied to IMF credits. Extremely simple, with primary focus on the balance of payments effects of credit creation by the banking system, the model has retained its usefulness for policy purposes over time, as it was adapted to changes in member countries' priorities and in the international monetary system, in particular the disappearance of the par value system. |
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Physical Description: | 1 online resource (20 pages) |
Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
Bibliography: | Includes bibliographical references (pages 18-20). |
ISBN: | 1451893930 9781451893939 1281394009 9781281394002 1462342965 9781462342969 145273514X 9781452735146 9786613780058 6613780057 |
ISSN: | 2227-8885 ; |