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Raymond F. Mikesell outlines the activities of the International Monetary Fund (IMF) and the World Bank over the course … newly capitalist countries and examines proposals that the World Bank do more to promote private investment in developing … recommends that (1) the World Bank Group and IMF should be merged to form a single organization, the World Bank and Fund Group …
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the early 1930s. In his view, the growth of foreign exchange reserves after World War Two repeated, but on a much larger … scale, their similar expansion after the First World War. Triffin argued that the gold exchange standard had been a highly …
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Why did monetary authorities hold large gold reserves under Bretton Woods (1944-1971) when only the US had to? We argue that gold holdings were driven by institutional memory and persistent habits of central bankers. Countries continued to back currency in circulation with gold reserves,...
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