International Trade

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Title: International Trade

Essay Details:

Subject: Miscellaneous

Author: Ruth S

Date: March 21, 2012

Level: University

Grade: A

Length: 7 / 2095

Essay text:

The International Monetary Fund’s primary purpose was to encourage international monetary cooperation among nations through a set of rules for world payments and currencies. Each member nation contributes to the fund (a quota) and voting rights are proportional to the size of a nation’s quota. A major function of the IMF has been to aid member states in temporary balance of payments difficulties. A country can obtain foreign exchange from the IMF in return for its own currency which is deposited with the IMF. A condition of such aid is JMF supervision or advice on the necessary corrective policies — the conditionality requirements...

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