The General Arrangements to Borrow
This paper examines the role of the IMF’s first and longest-lasting borrowing arrangements, the General Arrangements to Borrow (GAB), from their inception in 1961–62 to their fundamental reform and enlargement in 1983. The General Arrangements were a product of the times. They were designed to help...
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| Format: | eBook |
| Language: | English |
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Washington, D.C.
International Monetary Fund
1984
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| Series: | Pamphlet Series
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| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| Summary: | This paper examines the role of the IMF’s first and longest-lasting borrowing arrangements, the General Arrangements to Borrow (GAB), from their inception in 1961–62 to their fundamental reform and enlargement in 1983. The General Arrangements were a product of the times. They were designed to help the IMF deal with growing strains in the par value system caused by the underlying balance-of-payments problems of the two major reserve centers, the United States and the United Kingdom. The General Arrangements were strengthened by the association of Switzerland, a nonmember of the IMF, in 1964 |
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| Physical Description: | 100 pages |
| ISBN: | 9781451981278 |