Shaping the Fund’s Policy for Exchange Liberalization
Shaping the Fund’s Policy for Exchange Liberalization
复制标题
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
复制
发表时间:
2015
期刊:
影响因子:
--
通讯作者:
Teru Nishikawa
中科院分区:
文献类型:
--
作者:
Teru Nishikawa
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.