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Edwin W Kemmerer Princeton University
A Review of the Bretton Woods Agreements
Official Text of the Articles of Agreement
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action adverse balance agree American amount appointed approval arrangements Article assets balance of payments Bank for Reconstruction Bank's billion Board of Governors borrower Bretton Woods Agreements Bretton Woods Conference capital cent central bank charges creditor current transactions debtor deemed direct loans disequilibrium economic elected exchange control exchange rates exchange transactions Executive Directors exports foreign exchange foreign exchange market Fund Agreement Fund's holdings Fund's resources gold standard guarantee increase International Bank International Monetary Fund international payments investment key currencies limit majority meet member countries member's currency membership ment monetary reserves monetary stabilization nations number of votes obligations official holdings operations paid parities percent policies political postwar problem proposed provisions purchase purposes quota Reconstruction and Development rency repurchase restrictions scarce currency Section sterling subscribed subscription territories tion total voting power trade transition period United States dollars withdrawal