Rola Międzynarodowego Funduszu Walutowego w kształtowaniu płynności międzynarodowej krajów członkowskich w latach 1956 -1983

Abstract

The author analysed numerical data characterizing international liquidity of the member States of the International Monetary Fund in the years 1956 -1983, attempting to define in what way the Fund could affect that liquidity. Instruments intended to secure the international liquidity used by the Fund were the object of the research. The Author also examined the role of the Fund instruments in financing of import and foreign trade deficit and creating currency reserves of the member States. The author positively assessed the role played by the Fund, indicating that it has realized its statutory tasks in shaping international liquidity. The author scepticaly estimated the use of a reserves/import ratio as yardstick for international reserve adequacy, recognizing the need of research in that scope.