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The IMF and Germany: Currency Crisis and Exchange Rate Policy

In: History of the IMF

Author

Listed:
  • Ayako Ishizaka

    (Aichi Shukutoku University, Faculty of Business)

Abstract

This chapter will focus on the relationship between the International Monetary Fund (IMF) and the Federal Republic of Germany (Germany hereinafter) from the 1950s through the start of the 1960s. During this period, Germany rapidly advanced liberalization of trade and foreign exchange as it accumulated gold and foreign reserve through its current account surplus. Despite the fact that Germany had joined the IMF in August 1952, since by that point in time Germany already had a current account surplus it did not have the opportunity to receive financial support from the IMF, and already by 1956 its liberalization of trade and foreign exchange largely was complete.

Suggested Citation

  • Ayako Ishizaka, 2015. "The IMF and Germany: Currency Crisis and Exchange Rate Policy," Studies in Economic History, in: Kazuhiko Yago & Yoshio Asai & Masanao Itoh (ed.), History of the IMF, edition 127, chapter 0, pages 165-184, Springer.
    • Handle: RePEc:spr:stechp:978-4-431-55351-9_8
    DOI: 10.1007/978-4-431-55351-9_8
    as

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