Word: jacobsson
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...first half of this year, thanks to increased exports and decreased Government spending abroad, the U.S. balance-of-payments deficit ran at an annual rate of $1.5 billion v. 1960's record $3.9 billion. By next year, predicted IMF Director Per Jacobsson, the U.S. payments deficit will have disappeared entirely. This alarmed many of the European delegates, who were keenly aware that the more than $20 billion that has flowed out of the U.S. into other nations since 1952 has been a major instrument in financing the expansion of world trade. If the flow is reversed, they fear...
Previous Pollak lecturers were Robert Schuman, Sir John Slessor, David A. Morse, James B. Conant, Per Jacobsson, and Lord Bridges...
Alone among the 75 members of the International Monetary Fund. Canada had let its exchange rate bob free ever since 1950. But the IMF, and its able Swedish director, Per Jacobsson, have been increasingly irritated at the way Canada has been manipulating its dollar to try to jog the slumping Canadian economy. The IMF turned up the heat on Ottawa to peg its dollar at a fixed rate...
...Feed the Engine. Even a hint that the international monetary rescue agency might not be able to do its job weakens confidence in the currency structure of the entire free world. Keenly aware of this, I.M.F. Managing Director Per Jacobsson of Sweden went to Vienna determined to wrest from the most prosperous member nations a pledge to put up the money for a special $6 billion reserve that the Fund could call on in a crisis. Since all I.M.F. nations have a stake in the health of the dollar-a large percentage of their own reserves are in dollars-they...
...midst of all the fretting over the dollar, one respected voice last week offered a detached international view. In Washington, Sweden's Per Jacobsson, perceptive chief of the International Monetary Fund, pointed out that Europe's population is growing only half as fast as the U.S. rate of 1.4% annually, and that as a consequence, "it is fair to expect that over the years to come, Europe will have more capital available than the U.S.'' As the present building boom in Germany and its neighbors runs its course, says Jacobsson, "the flow of funds will reverse...