International Financial Policy : Essays in honor of Jacques J. Polak / Jacob Frenkel, Morris Goldstein.

Format:

Book

Government document

Author/Creator:

Frenkel, Jacob.

Contributor:

Goldstein, Morris.

Series:

Books

Language:

English

Subjects (All):

International Monetary Fund--Congresses.

International Monetary Fund.

International finance--Congresses.

International finance.

Physical Description:

1 online resource (523 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 1991.

Language Note:

English

Summary:

During his distinguished career at the IMF, Jacques J. Polak served as both Director of Research and, subsequently as a member of the IMF Executive Board. His distinct contribution to the discipline of international financial policy is highlighted in this book edited by Jacob A. Frenkel and Morris Goldstein. The papers included were prepared for a conference, cosponsored by the Netherlands Bank and the IMF, held in Polak's honor in Washington, D.C., in January 1991.

Contents:

""Contents""; ""Preface""; ""Contributors""; ""PART ONE. OVERVIEW AND REFLECTIONS""; ""Chapter 1. Major Themes in the Writings of Jacques J. Polak""; ""I. International Spillovers of National Economic Policies""; ""II. The Monetary Approach to the Balance of Payments""; ""III. The Functioning of the International Monetary System""; ""IV. Closing Remarks""; ""Annex I. Jacques J. Polak�A Bibliography, 1937-91""; ""Annex II. Depreciation to Meet a Situation of Overinvestment""; ""Chapter 2. The Early Years of the International Monetary Fund""; ""PART TWO. THE INTERNATIONAL MONETARY SYSTEM""

""Chapter 3. Changing Perspectives on the International Monetary System""""I. Balance of Payments Adjustment�Then""; ""II. Balance of Payments Adjustment�Now""; ""III. International Liquidity�Then""; ""IV. International Liquidity�Now""; ""V. Concluding Comment""; ""Chapter 4. Monetary Integration in Europe""; ""I. The Costs and Benefits of Monetary Union""; ""II. Transitional Issues""; ""III. The Hard ECU Proposals""; ""IV. Criticisms of the HECU Proposal""; ""Chapter 5. Some IMF Problems After the Committee of Twenty""

""I. The Regulatory Functions of the IMF After the Collapse of the Par Value System""""II. The Financial Functions of the Fund""; ""III. How to Strengthen the Fund's Influence""; ""Chapter 6. What Future for the International Monetary System?""; ""I. Past International Monetary Systems""; ""II. A Brief Evaluation""; ""III. The Case for Flexible Exchange Rates""; ""IV. Problems with Flexible Rates""; ""V. Proposals for Reform""; ""VI. Evaluation of the Single-Currency Proposal""; ""Chapter 7. Failings of the SDR: Lessons from Three Decades""; ""I. Salient Historical Observations""

""II. Why Has the SDR Failed?""""PART THREE. ROLE OF THE INTERNATIONAL MONETARY FUND""; ""Chapter 8. Borrowing by the Fund: Ultra Vires and Other Problems""; ""I. Borrowing by IMF Under Article VII""; ""II. Direct Loans by Lenders to Members""; ""III. Borrowing Under Article V, Section 2(b)""; ""IV. The Case for Borrowing""; ""Annex I. Original Articles and Present Articles""; ""Chapter 9. Recent Evolution of Fund Conditionality""; ""I. Basic Conditionality""; ""II. Evolution in the 1980s""; ""III. Adaptations to Eastern Europe""; ""Chapter 10. The Monetary Character of the IMF""

""I. The Monetary Character in the Early 1980s""""II. The Monetary Character in the Present Situation""; ""III. Concluding Remarks""; ""PART FOUR. CURRENT ISSUES IN THE OPEN ECONOMY""; ""Chapter 11. Prudential Supervision and Monetary Policy""; ""I. Policy Functions""; ""II. Bank Supervisory and Regulatory Functions""; ""III. Competing Interests""; ""IV. Basic Tenets""; ""V. Preserving the Central Bank's Independence""; ""VI. The Track Record""; ""VII. The Role of the Central Bank in Supervision""; ""VIII. Conclusion""; ""Chapter 12. National and International Monetary Policy""

""I. National Monetary Policy""

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters.

Description based on print version record.

ISBN:

9786613849113

9781462393619

1462393616

9781455295173

1455295175

9781283536660

1283536668

9781455248681

1455248681