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The Evolution of the International Monetary Fund

In: Bretton Woods Revisited

Author

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  • Edward M. Bernstein

Abstract

There are several ways in which one can judge what the Fund has accomplished. The first is to see how the world economy has fared under the Bretton Woods system. There has been an unprecedented growth of international trade and investment; and the world has been very prosperous, at least in the large industrial countries. Without directly attributing this to the Fund, we can imply that it could not have occurred without Bretton Woods — which maybe true to a limited extent.

Suggested Citation

  • Edward M. Bernstein, 1972. "The Evolution of the International Monetary Fund," Palgrave Macmillan Books, in: A. L. Keith Acheson & John F. Chant & Martin F. J. Prachowny (ed.), Bretton Woods Revisited, pages 51-65, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01521-4_4
    DOI: 10.1007/978-1-349-01521-4_4
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    Cited by:

    1. Kathryn M.E. Dominguez, 1993. "The Role of International Organizations in the Bretton Woods System," NBER Chapters, in: A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, pages 357-404, National Bureau of Economic Research, Inc.

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