01627cas a2200241 a 4500 AALejournalIMF007391 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846805 1018-5941 BD-DhAAL BD-DhAAL Polak, J. The IMF Monetary Model At Forty / J. Polak. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (20 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 A model reflecting the monetary approach to the balance of payments was developed in the International Monetary Fund (IMF) in the 1950s. Its purpose was to integrate monetary, income, and balance of payments analysis, and it became the basis of the conditionality applied to IMF credits. Extremely simple, with primary focus on the balance of payments effects of credit creation by the banking system, the model has retained its usefulness for policy purposes over time, as it was adapted to changes in member countries' priorities and in the international monetary system, in particular the disappearance of the par value system. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/049 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/049/001.1997.issue-049-en.xml IMF e-Library