The International Monetary Fund, 1966-1971

Volume 1 traces the negotiations leading to the establishment of SDRs, describes the substantially increased use of the IMF's financial resources, discusses the recurrent crisis in gold markets and exchange rates that culminated in the collapse of the Bretton Woods system, and explains how the IMF grew and changed as an international institution. Volume 2 makes available seven draft outlines of reservce-creating schemes that were prepared in the IMF as a part of the process by which SDRs were established and includes most important documents published by the IMF from 1966-1971.