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International Monetary Fund

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  • Anonymous

Abstract

The Annual Report of the Executive Directors for the fiscal year ending April 30, 1951 indicated a general improvement in balance of payments, world production, and trade, although serious dollar shortages still existed in some countries. The outbreak of hostilities in Korea, however, and the expanded rearmament programs had produced shortages of raw materials and skilled labor, rises in prices and changes in the terms of trade of many countries. The report stressed the importance of using monetary and fiscal measures as well as measures of direct control to combat inflationary tendencies in order to prevent “situations of latent inflation”. It was believed that the present pattern of world payments was not a stable one and that it would become so only following an increase in production outside of the United States and a better relationship between prices of primary and industrial goods.

Suggested Citation

  • Anonymous, 1951. "International Monetary Fund," International Organization, Cambridge University Press, vol. 5(4), pages 797-799, November.
    • Handle: RePEc:cup:intorg:v:5:y:1951:i:4:p:797-799_13
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    Cited by:

    1. Mr. Jemma Dridi & Maher Hasan, 2008. "The Impact of Oil-Related Income on the Equilibrium Real Exchange Rate in Syria," IMF Working Papers 2008/196, International Monetary Fund.
    2. Michael D. Bordo & John Landon-Lane, 2010. "Exits from Recessions: The U.S. Experience 1920-2007," NBER Working Papers 15731, National Bureau of Economic Research, Inc.
    3. Michael Michaely, 1971. "An Over-all View of Policy Patterns," NBER Chapters, in: The Responsiveness of Demand Policies to Balance of Payments: Postwar Patterns, pages 30-70, National Bureau of Economic Research, Inc.
    4. Olli-Pekka Hilmola, 2021. "Inflation and Hyperinflation Countries in 2018–2020: Risks of Different Assets and Foreign Trade," JRFM, MDPI, vol. 14(12), pages 1-16, December.
    5. Wessells, Preston, 2016. "Currency Board Monetary System: The Case of British Honduras (1894-1976)," Studies in Applied Economics 60, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    6. Huang, Chung L., 1979. "Application Of Price Elasticities To Farm Policy Analysis: Comment," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 11(2), pages 1-3, December.

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