Jacques Polak, who was present at the creation of the International Monetary Fund in 1944 and provided the intellectual foundation for its basic economic approach, died February 26. He was 95. Dr.

The IMF model of financial programming for stabilisation is based upon the monetary approach to the balance of payments. The model is incomplete as it does not combine a structure of general ...

This paper develops and estimates a model of the joint determination of the exchange rate, international reserves, and the rate of inflation under a crawling-peg system. The framework presented, which ...

WASHINGTON, Nov 12 (Reuters) - As world leaders meet this weekend to shore up the global financial system, one of its original architects says the 64-year-old system is not the problem. Jacques Polak, ...