The World Bank and the International Monetary Fund - A Changing Relationship

Informationen zum Autor By Jacques Polak Klappentext In this book, Jacques J. Polak describes and analyzes the relationship between the World Bank and the International Monetary Fund (IMF) from the Bretton Woods conference in 1944 to the present. In their first three decades, the two institutions engaged in clearly distinct activities: the Bank made long-term loans to finance infrastructural projects in developing countries, while the Fund gave economic advice and short-term stabilization loans to both industrial and developing countries. But since the mid-1970s, the separate lives of the two "Bretton Woods Sisters" have become increasingly entangled and the demarcation lines between them have often become blurred. Polak focuses primarily on this period of the last fifteen to twenty years when many developing countries struggled with problems of adverse terms of trade, high interest rates, and debt; and both the Fund and the Bank strove to meet these countries' pressing needs for macroeconomic stabilization and structural adjustment. The book discusses in detail the origin of the conflicts between the institutions arising from their overlapping activities that culminated at the end of the 1980s and the measures taken since then to diffuse these conflicts. A Brookings Occasional Paper Zusammenfassung Describes and analyses the relationship between the World Bank and the International Monetary Fund (IMF) from the Bretton Woods conference in 1944 to the present. Jacques J. Polak focuses primarily on this period from the 1970s when both the Fund and the Bank strove to meet developing countries' pressing needs for macroeconomic stabilization and structural adjustment.

Product details

• Authors: Catherine Gwin, J. J. Polak, Jacques Polak, Jacques J. Polak
• Publisher: Brookings Institution Press
• Languages: English
• Product format: Paperback / Softback
• Released: 01.11.1994
• EAN: 9780815771494
• ISBN: 978-0-8157-7149-4
• Dimensions: 152 mm x 229 mm x 13 mm
• Series: Brookings Occasional Papers; Brookings Occasional Papers
• Subjects: Guides > Law, job, finance; Social sciences, law, business > Political science > Political science and political education; USA, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / International / General, BUSINESS & ECONOMICS / Banks & Banking, HISTORY / Social History, Social & cultural history, Banking, International Economics, Later 20th century c 1950 to c 1999, Social and cultural history, United States of America, USA, c 1938 to c 1946 (World War Two period), Monetary Economics, c 1939 to c 1945 (including WW2), c 1945 to c 2000 (Post-war period)