A Crisis Manager for the International Monetary and Financial System? The Rise and Fall of the OECD Working Party 3, 1961–1980

Author(s):  
Kazuhiko Yago
2020 ◽  
Vol 27 (3) ◽  
pp. 418-435
Author(s):  
Kazuhiko Yago

This article offers a Japanese perspective on the debate about the international financial system immediately after the first oil shock of 1973–4. Using archival records from the OECD and Bank of Japan, I analyze the three key policy issues discussed at the meetings of Working Party 3 (WP3) of the OECD: petrodollar recycling, balance-of-payments adjustments, and the management of global growth. Documents show that the Japanese approach to capital controls, exchange rate management, state-led growth orientation and international banking strategies was rather strengthened by the impact of the oil shock. By 1975 the OECD viewed Japan, together with Germany and the United States, as one of the ‘locomotives’ that would trigger a revival of economic growth in the industrialized West.


1988 ◽  
Vol 39 (1) ◽  
pp. 216-216
Author(s):  
J GUY
Keyword(s):  

1978 ◽  
Vol 39 (02) ◽  
pp. 521-523 ◽  
Author(s):  
W J Dodds ◽  
E J W Bowie
Keyword(s):  

1980 ◽  
Vol 43 (02) ◽  
pp. 167-168 ◽  
Author(s):  
I M Nilsson ◽  
I R Peake ◽  
A L Bloom ◽  
D Meyer ◽  
J Veltkamp ◽  
...  
Keyword(s):  

1980 ◽  
Vol 44 (01) ◽  
pp. 039-042 ◽  
Author(s):  
Philip M Blatt ◽  
Doris Ménaché ◽  
Harold R Roberts

SummaryThe treatment of patients with hemophilia A and anti-Factor VIII antibodies is difficult. Between July 1977 and June 1978, a survey was carried out by an ad hoc working party of the subcommittee on Factor IX concentrates of the International Committee on Thrombosis and Hemostasis to assess the effectiveness of Prothrombin Complex Concentrates in controlling hemorrhage in these patients. The results are presented in this paper and, although subjective, support the view that these concentrates are not as effective in patients with inhibitors as Factor VIII concentrates are in patients without inhibitors.


1977 ◽  
Vol 37 (03) ◽  
pp. 566-567
Author(s):  
C. A Owen ◽  
W. J Dodds
Keyword(s):  

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