The analysis of IMF activity in its more than 60 years of existence highlights a difference between the primarily objectives and actual results of policies pursued. How it was at the very beginning and how is in our days? In the following paper we want to point out this major divergence...

By the end of twentieth century, the classic patterns of capital development i.e. the banking and the capital stock and extra stock exchange markets models (the cases of Western Europe and Japan as well as the case of North America) could be identified easily. At the end of twentieth century and...