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What went wrong? The evolution of the IMF 1941-1961

Author

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  • L.S. PRESSNELL

    (Cabinet Office Historical Section, London)

Abstract

Despite its promising start in 1946-47, the new IMF soon ceased to fulfil its expected role for almost nine years. An exploration is provided for the latter in the wider context of international economic cooperation. It was not until 1961 that the Fund's intended status as 'the focal point of monetary decisions' was really achieved.

Suggested Citation

  • L.S. Pressnell, 1997. "What went wrong? The evolution of the IMF 1941-1961," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 50(201), pages 213-239.
    • Handle: RePEc:psl:bnlaqr:1997:25
    as

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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10577/10461
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    References listed on IDEAS

    as
    1. G. John Ikenberry, 1993. "The Political Origins of Bretton Woods," NBER Chapters, in: A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, pages 155-198, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    International Monetary Fund; Monetary policy; International economic cooperation;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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