To amend the Bretton Woods agreements act to authorize consent to an increase in the United States quota in the International Monetary Fund: hearings before the Subcommittee on International Trade, Investment, and Monetary Policy of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-sixth Congress, second session, on H.R. 5970 ....U.S. Government Printing Office, 1980 - 621 páginas |
Outras edições - Ver tudo
Palavras e frases frequentes
adjustment assets balance of payments balance-of-payments banking system billion borrowing Brazil capital CAVANAUGH Chairman NEAL Citibank claims CLEVELAND CLINE Column commercial banks conditionality country risk credit tranches current account deficits decline devaluation developing countries dollar domestic economic Eurocurrency exchange rate external Facility Federal Reserve financing foreign banks foreign exchange foreign exchange markets Fund's going Governor WALLICH growth IMF's important income industrialized countries inflation institution interest rates international financial international lending International Monetary Fund international monetary system investment issue LDC's LDCs lenders loans long-term major member countries ment monetarist money supply oil prices oil-importing OPEC countries OPEC surplus percent Peru Peruvian petrodollar recycling political poor portfolio private banks problem question quota increase ratios recent recycling role situation stabilization programs stand-by subcommittee Third World tion trade U.S. banks U.S. quota United World Bank
Passagens conhecidas
Página 166 - Fund's resources available to them under adequate safeguards, thus providing them with opportunity to correct maladjustments in their balance of payments without resorting to measures destructive of national or international prosperity. (vi) In accordance with the above, to shorten the duration and lessen the degree of disequilibrium in the international balances of payments of members.
Página 166 - To facilitate the expansion and balanced growth of international trade, and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all members as primary objectives of economic policy.
Página 21 - ... be included in budget authority totals for fiscal year 1981. Payment of the quota increase would result in budgetary outlays as cash transfers are actually made to the IMF on the US quota obligation. Simultaneously with any cash transfer, an offsetting budgetary receipt, representing an increase in the US reserve position in the IMF, would be recorded.
Página 417 - Rate) for 90-day dollar obligations averaged 7.9 percent over the years 1973-78, as against an average price increase of about 11.0 percent. Only in 1979, did LIBOR at 12.0 percent exceed a rise in the price of primary products (excluding oil) of 10.4 percentage points. Of course, the experience of some countries is bound to have differed from these averages. Because of these differences, the real interest rate, defined as the nominal interest rate minus the expected rate of inflation over the life...
Página 166 - To give confidence to members by making the Fund's resources temporarily available to them under adequate safeguards, thus providing them with opportunity to correct maladjustment in their balance of payments without resorting to measures destructive of national or international prosperity.
Página 2 - Fund. 1 Be it enacted by the Senate and House of Representa2 lives of the United States of America in Congress assembled, 3...
Página 45 - HOUSE OF REPRESENTATIVES, SUBCOMMITTEE ON INTERNATIONAL TRADE, INVESTMENT AND MONETARY POLICY, COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS, Washington, DC The subcommittee met at 9:40 am, in room 2128, Rayburn House Office Building, Hon.
Página 600 - The Fund shall at intervals of five years review, and if it deems it appropriate propose an adjustment of, the quotas of the members. It may also, if it thinks fit, consider at any other time the adjustment of any particular quota at the request of the member concerned.
Página 496 - The Secretary oversees US international monetary policy and operations, represents the United States in discussions and negotiations of bilateral and international monetary and financial issues with other nations, and closely assists the President at economic summit meetings. Treasury's views provide important input in the interagency determination of US policies on international trade, development, energy, and commodities issues.
Página 496 - HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS Mr. Chairman and Members of the...