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v. 1. Narrative
v. 2. Documents

Pt.1. The Birth of SDRs
Early Discussions of Liquidity (before 1963)
Debate on Liquidity Intensified (1963-64)
Exploring Techniques for Reserve Creation (1964-65)
Search for a Contingency Plan for Reserve Creation (1965-66)
Progress Toward a Plan for Reserve Creation (October 1, 1966-April 15, 1967)
SDRs Take Shape (April 16-September 30, 1967)
Amending teh Articles (1967-68)
SDRs Enter Into Force (1968-69)
How SDRs Evolved: A Synopsis
Pt.2. Allocation and First Use of SDRs
Decision to Allocate SDRs (1969)
Preparing for SDRs Allocation (1969)
Two Years of Experience with SDRs (1970-71)
Pt.3. General: New Challenges and Responses
Changes in Rules and Practices
Compensatory Financing Extended and Liberalized
Financing Buffer Stocks
Quotas Enlarged
Increases in Drawings
Continued Evolution of Stand-By Arrangements
Other Developments in the Fund's Finances
Pt.4. Gold
Gold: New Problems,New Policies
Pt.5. Exchange Rates in Crisis
Devaluation of Sterling (1967)
Adjustments in Rates for French Franc and Deutsche Mark (1969)
Other Adjustments in Exchange Rates (1966-70)
Examining the Exchange Rate Mechanism (1969-70)
Collapse of the Par Value System (January 1-August 15, 1971)
Road to the Smithsonian Agreement (August 16-December 18, 1971)
A Temporary Regime Established (December 18-31, 1971)
Growth of Responsabilities
Further Expansion of Activitiies
Complexities in the Process of Policymaking

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