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Annual Report on Exchange Arrangements and Exchange Restrictions 1956.
Foreign exchange --- Foreign exchange administration. --- Law and legislation. --- Banking --- Banks and Banking --- Banks and banking --- Banks --- Currencies --- Currency --- Depository Institutions --- Exports and Imports --- Exports --- Finance --- Finance: General --- Foreign Exchange --- Government and the Monetary System --- Imports --- International economics --- International Trade Organizations --- Micro Finance Institutions --- Monetary economics --- Monetary Systems --- Money and Monetary Policy --- Money --- Mortgages --- Payment Systems --- Regimes --- Standards --- Trade Policy --- Trade: General --- United States
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The purpose of this paper is to describe the role and the operating significance of IMF quotas. Each member of the IMF has a quota, the functions of which are threefold. These functions are interrelated, but the attempt to find a series of figures that would effectively perform all these functions for each member necessitated a large amount of compromise in the determination of quotas. A quota determines the subscription or contribution of each member to the capital of the IMF; and the total of the quotas of all members determines the size of the IMF’s financial resources. Each member is required to pay to the IMF of its quota in gold, and the balance in its own currency. Apart from any retained profits or accumulated losses, quotas directly determine the total assets of the IMF. Assets can be increased only by admitting new members or by increasing the quotas of existing members, though the Fund may under prescribed conditions increase the funds at its disposal by borrowing.
Balance of payments --- Banking --- Banks and Banking --- Banks and banking --- Banks --- Commercial banks --- Currencies --- Current Account Adjustment --- Depository Institutions --- Exchange restrictions --- Exports and Imports --- Exports --- Finance --- Finance: General --- Financial institutions --- Foreign Exchange --- Foreign exchange --- General Financial Markets: General (includes Measurement and Data) --- Government and the Monetary System --- Imports --- International economics --- International trade --- Investment & securities --- Micro Finance Institutions --- Monetary economics --- Monetary Systems --- Money and Monetary Policy --- Money --- Mortgages --- Payment Systems --- Regimes --- Short-term Capital Movements --- Standards --- Trade: General --- United States
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