Economic Theory and Financial Policy

Jacques J. Polak, Edited by James M. Boughton

• Introduction I. The Role of the International Monetary Fund 1. The Essence of Bretton Woods: Monetary Cooperation 2. The International Monetary Issues of the Bretton Woods Era: Are They Still Relevant? 3. Fifty Years of Exchange Rate Research and Policy at the International Monetary Fund 4. The IMF and Its EMU Members 5. The World Bank and the International Monetary Fund: A Changing Relationship 6. The Articles of Agreement of the IMF and the Liberalization of Capital Movements II. New Thoughts on the SDR 7. Should the SDR Become the Sole Financing Technique for the IMF? 8. Streamlining the Financial Structure of the International Monetary Fund 9. International Liquidity and the Role of the SDR in the International Monetary System III. International Economic Policy: Theory and Practice 10. The IMF Monetary Model at 40 11. The Two Monetary Approaches to the Balance of Payments: Keynesian and Johnsonian 12. Is APEC a Natural Regional Trading Bloc? A Critique of the ‘Gravity Model’ of International Trade 13. Financial Relations between the Netherlands and Belgium: 1943 to 1993 14. Repairing the International Monetary System: An Unfinished Task?