This paper presents a report on existing international banking and credit facilities in the Economic Commission for Asia and the Far East (ECAFE) region. The report presents a background formation on the importance of intraregional trade and payments, the exchange systems of the countries...

This paper focuses on the IMF policies and procedures in relation to the compensatory financing of commodity fluctuations. The paper discusses the nature of the fluctuations affecting the balance of payments of primary exporting countries, the IMF's policies and practices in relation to the...

The purpose of this paper is to assemble in systematic fashion the available information on the transactions of the USSR with the countries of the Soviet area and with the rest of the world during the period 1955-1958. The offset to gold and foreign exchange loans represents cash disbursements...

This paper discusses performance of Canadian markets for US dollars. US dollar deposits transferred by US residents from US banks to Canadian banks or other foreign banks are treated by the US Department of Commerce for balance of payments purposes as an item that contributes to the balance of...

This paper focuses on the relation of inflation to economic development. Due to the inadequacy of savings and the difficulty of directing them into productive investment, there is a strong temptation to raise the level of investment by expanding bank credit-that is, by inflation. In most...

This paper analyzes determinants of the evolution of exchange rates within the context of alternative models of exchange rate dynamics. The overshooting hypothesis is examined in models that emphasize differential speeds of adjustment in asset and goods markets as well as in models that...

This paper deals with the role of inflationary expectations from a theoretical and empirical point of view. Assume that an economy is growing at a steady pace and that the price level is not expected to change. For many individuals, the direct substitution of consumption goods for money becomes...

In this paper, various policy instruments at the disposal of national governments for dealing with the problem of disruptive international capital flows or, more generally, the problem of temporary and reversible payments imbalances, are passed in review. The instruments examined include:...

This paper presents main characteristics of a typical oil economy. Estimates of proven oil reserves in Saudi Arabia differ widely, ranging from estimates by ARAMCO and the other companies of about 100 billion barrels to figures exceeding 150 billion barrels. In 1969, two US firms commissioned by...