Keynesian Influence on IMF Policy Advice and Programs, 1946–1973

1. IMF charter enters into force

   Dec 27, 1945Labels: IMF Articles, Postwar Monetary

   • IMF Articles

2. First IMF drawing provides immediate balance-of-payments support

   Jan 1, 1947Labels: France IMF, Outright Purchase

   • IMF F D

3. IMF begins exchange transactions under Bretton Woods

   Mar 1, 1947Labels: Exchange Transactions, Bretton Woods

   • US Historian

4. Stand-By Arrangements created to support stabilization plans

   Jun 1, 1952Labels: Stand-By Arrangement, IMF Program

   • IMF F D

5. Large UK support highlights early low-conditionality practice

   Dec 22, 1956Labels: UK Stand-By, Low Conditionality

   • UK Hansard
   • IMF UK Arrangements

6. General Arrangements to Borrow expand IMF firepower

   Jan 8, 1962Labels: General Arrangements, IMF Backstop

   • US Historian
   • IMF GAB Pamphlet

7. Compensatory Financing Facility targets export shortfalls

   Jan 1, 1963Labels: Compensatory Financing, Export Shortfalls

   • IMF PIN 2004
   • IMF Review

8. SDR amendment adds new reserve asset to the system

   Jul 28, 1969Labels: Special Drawing, 1969 Amendment

   • IMF Articles
   • Bank of England

9. Generalized floating begins as fixed-rate rules unravel

   Mar 19, 1973Labels: Generalized Floating, Exchange Rate

   • IMF Survey 2001
   • Bundesbank

10. IMF Annual Report documents 1973 currency crises

    Sep 3, 1973Labels: IMF Annual, Currency Crises

    • IMF Annual 1973

11. Period closes as Keynesian-era Bretton Woods model gives way

    Dec 31, 1973Labels: End of, IMF Role

    • IMF Silent Rev
    • Bundesbank

12. IMF adopts guidelines for managing floating exchange rates

    Jun 13, 1974Labels: IMF Guidelines, Managing Floating

    • IMF Survey 2001
    • IMF Silent Rev