Shaping the Fund’s Policy for Exchange Liberalization

Shaping the Fund’s Policy for Exchange Liberalization
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制定国际货币基金组织的外汇自由化政策

DOI:
10.1007/978-4-431-55351-9_3
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发表时间:
2015
期刊:
--
影响因子:
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通讯作者:
Teru Nishikawa
Teru Nishikawa
中科院分区:
--
文献类型:
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作者:
Teru Nishikawa

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1961年西欧国家向第八条地位的过渡标志着战后过渡时期的结束。20世纪50年代是主要国家逐渐实现对美元汇率稳定和汇率自由化的时期,也就是说,美国作为未偿债权国与欧洲之间的差距--美元短缺--消失了。随着1950年代后期美元供应过剩,国际货币体系的稳定性逐渐受到破坏,世界进入了美元危机的十年。
The transition of the Western Europeans to Article VIII status in 1961 was the end of the postwar transitional period. The 1950s was the period when major countries gradually attained stability of their exchange rates against the U.S. dollar and exchange liberalization; in other words, the gap between the U.S. as an outstanding creditor and Europeans—the dollar shortage—disappeared. As the supply of dollars became excessive in the late 1950s, the stability of the international monetary system was gradually undermined and the world entered into the decade of a dollar crisis.