01748cas a2200241 a 4500 AALejournalIMF001414 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451859751 1018-5941 BD-DhAAL BD-DhAAL Boughton, James. Northwest of Suez : The 1956 Crisis and the IMF / James Boughton. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Egypt's nationalization of the Suez Canal in 1956 and the failed attempt by France, Israel, and Britain to retake it by force constituted a serious political crisis with significant economic consequences. For the United Kingdom, it engendered a financial crisis as well. That all four of the combatants sought and obtained financial assistance from the IMF was highly unusual for the time and had a profound effect on the development of the Fund. This case study illustrates the complexities in isolating the current account as the basis for determining a balance of payments 'need' and shows that the speculative attack on sterling-and the Fund's response to it-were remarkably similar to financial crises in the 1990s. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/192 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/192/001.2000.issue-192-en.xml IMF e-Library