History of the IMF

Organization, Policy, and Market

  • Kazuhiko Yago
  • Yoshio Asai
  • Masanao Itoh

Part of the Studies in Economic History book series (SEH)

Table of contents

  1. Front Matter
    Pages i-xx
  2. Foundation and Development of the IMF

  3. IMF in Relation to National Economies and International Organizations

  4. Back Matter
    Pages 311-324

About this book


This book describes the history of the IMF from its birth, through the Bretton Woods era, and in the aftermath. Special attention is paid to integrating IMF history with the macro-economic policies of member countries and of other international institutions as well. This collection of work presents a clear understanding, inter alia, of the influence of the United States over IMF policy via the National Advisory Committee; the dealings of the IMF with the UK on pound sterling policy; the institutional change of the IMF brought about by Per Jacobsson, the third managing director; and France, Italy, Germany, Canada, and Japan vis-à-vis IMF consultations. It also provides the reader with topics concerning the bankers’ acceptance market function and international liquidity issues in relation to IMF policy; the final chapter sheds light on the long-standing relations between the IMF and China, from the Bretton Woods Agreement to the contemporary period. All the chapters are archive-based academic studies providing deep insights with historical background, which makes this book the first thoroughly independent achievement in the field of IMF history. This book is highly recommended to readers interested in contemporary monetary and financial history and those who seek to obtain a coherent image of postwar international institutions and markets.


Bretton Woods IMF International finance International organizations Monetary system

Editors and affiliations

  • Kazuhiko Yago
    • 1
  • Yoshio Asai
    • 2
  • Masanao Itoh
    • 3
  1. 1.Waseda University School of CommerceShinjuku-kuJapan
  2. 2.Seijo University Faculty of EconomicsSetagaya-kuJapan
  3. 3.Otsuma Women's University School of Social Information StudiesTamaJapan

Bibliographic information

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