Abstract
Although the International Monetary Fund, in its outward form, is not a lending agency which finances economic development, it plays an important role in the economic development of the underdeveloped countries. It would be a mistake — a mistake which most of the authors who studied the problem of financing the economic development of underdeveloped countries have made — not to emphasize the role and the function of the Fund in this field which has not been much publicized.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
For a detailed study of the determination of quotas, see Altman, O. L., “Quotas in the International Monetary Fund,” IMF Staff Papers, Vol. V, August 1956, No. 2, p. 129 (particularly pp. 136–143).
For example see Mikesell, R. F., “The International Monetary Fund (1944-49): A Review,” International Conciliation No. 455, pp. 828-871. He examines this exchange transaction under the heading of “Lending operations of the Fund” and he says that “...the Fund’s exchange operations are tantamount to loans to members” (p. 861). See also Tew, B., International Monetary Corporation (1945–1960), Hutchinson University Library, London, pp. 67–68 and 75-78.
See Hexner, E. P., “Worldwide International Economic Institutions: A factual review,” Columbia Law Review, 1961, Vol. 61, p. 354 (p. 370).
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1966 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Kirdar, Ü. (1966). The International Monetary Fund (IMF). In: The Structure of United Nations Economic-Aid to Underdeveloped Countries. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7537-9_9
Download citation
DOI: https://doi.org/10.1007/978-94-015-7537-9_9
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-017-0013-9
Online ISBN: 978-94-015-7537-9
eBook Packages: Springer Book Archive