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International Monetary Fund

(Encyclopedia)International Monetary Fund (IMF), specialized agency of the United Nations, established in 1945. It was planned at the Bretton Woods Conference (1944), and its headquarters are in Washington, D.C. Th...

international monetary system

(Encyclopedia)international monetary system, rules and procedures by which different national currencies are exchanged for each other in world trade. Such a system is necessary to define a common standard of value ...

monetary agreement

(Encyclopedia)monetary agreement, attempt by two (bilateral) or more (multilateral) nations to regulate and coordinate their financial relations by treaty. The objectives are usually to promote trade by facilitatin...

European Monetary Agreement

(Encyclopedia)European Monetary Agreement (EMA), international governmental facility (1958–72) for the settlement of balance of payments accounts between member states. The EMA, which was administered by the Orga...

European Monetary System

(Encyclopedia)European Monetary System, arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabil...

Bretton Woods Conference

(Encyclopedia)Bretton Woods Conference, name commonly given to the United Nations Monetary and Financial Conference, held (July 1–22, 1944) at Bretton Woods, N.H., where 730 delegates representing 44 countries en...

Commonwealth Fund

(Encyclopedia)Commonwealth Fund, foundation established (1918) by Anna M. Harkness, wife of Stephen V. Harkness, an early Standard Oil investor, “for the welfare of mankind.” Its headquarters are in New York Ci...

Special Drawing Rights

(Encyclopedia)Special Drawing Rights (SDRs), type of international monetary reserve currency established (1968) by the International Monetary Fund (IMF). Created in response to worries concerning the limitations of...

International Fund for Agricultural Development

(Encyclopedia)International Fund for Agricultural Development(IFAD), specialized agency of the United Nations with headquarters in Rome, Italy. IFAD grew out of the 1974 World Food Conference; it was established in...

Witteveen, H. Johannes

(Encyclopedia)Witteveen, H. Johannes (Hendrikus Johannes Witteveen), 1921–2019, Dutch economist and political leader. After receiving his doctorate from the Netherlands School of Economics (now Erasmus Univ. Rott...