01980cas a2200241 a 4500 AALejournalIMF010604 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451949421 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 3 No. 1. Washington, D.C. : International Monetary Fund, 1953. 1 online resource (192 pages) IMF Staff 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 This paper discusses the causes of the imbalance of international payments. Under the forces of supply and demand, gold came to have a certain value in relation to goods, which enabled it to function smoothly as a medium of reserve and settlement. This value varied somewhat from time to time under the influence of new discoveries or the exhaustion of existing sources. Of all the particular imbalances in the international payments pattern, that between the dollar and other currencies is the greatest. Unfortunately, it is extremely difficult to measure the amount of imbalance existing. Europe has made considerable and, to some extent, successful efforts to expand direct sales to the United States. It is in the sphere of finished manufactures principally that one could hope for an expansion of exports by an organized export drive or currency devaluation, other categories of goods depending more on the level of US production and national income. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1953/001 Full text available on IMF http://elibrary.imf.org/view/journals/024/1953/001/024.1953.issue-001-en.xml IMF e-Library