Camille Gutt

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Camille Gutt
Gutt at the Bretton Woods Conference in 1944
Managing Director of the
International Monetary Fund
In office
6 May 1946 – 5 May 1951
Preceded byOffice established
Succeeded byIvar Rooth
Personal details
Born
Camille Guttenstein

(1884-11-14)14 November 1884
Université Libre de Bruxelles
Profession
  • Lawyer
  • economist

Camille Gutt (14 November 1884 – 7 June 1971), born Camille Guttenstein, was a Belgian economist, politician, and industrialist who served as the first managing director of the

Second World War
.

Early life

Born in

Université Libre de Bruxelles (ULB). During his study, he met Claire Frick, whom he married in 1906. The marriage gave birth to three sons: Jean-Max (1914–1941), François (1916–1944) and Etienne (1922–2011).[3] Gutt was Protestant, although from Jewish origin.[4][5][6]

Career

Camille Gutt worked in various industries, such as in the

Emile Francqui. Camille Gutt was Minister of Finance of Belgium in 1934–1935 and 1939–1940, Minister of Finance, Economics and Traffic in 1940–1942, Minister of Finance and economics in 1942–1943, and Minister of Finance in 1943–1944 in the Belgian government in exile
in London.

Gutt was responsible for saving the

Nazi reach. After the war, he stabilized the Belgian franc and forestalled inflation, with what still is known as the Gutt operation [nl]. Camille Gutt also played a major role in forging the Benelux, and by this contributed to the formation of the European Union. He was the inaugural Managing Director of the International Monetary Fund from 1946 to 1951, after which he was a partner at the Banque Lambert until his retirement in 1964.[7]
: 4 

Honours

Selected publications

  • ——— (1947), "The International Monetary Fund and Its Functions", Proceedings of the Academy of Political Science, 22 (2): 49–56,
    JSTOR 1173022
    .
  • ——— (1948), "Exchange Rates and the International Monetary Fund", Review of Economics and Statistics, 30 (2): 81–90,
    JSTOR 1928786
    .

References

  1. ^ Camille Gutt Archived 6 July 2011 at the Wayback Machine
  2. ^ An unusual postcard Archived 3 December 2008 at the Wayback Machine
  3. ISBN 978-2-87386-434-7
    .
  4. ^ "The Participation of Jews in the Allied Armies". Yad Vashem.
  5. ^ Hunton|CNBC.com, Ed (27 June 2011). "Top of the World: Former IMF Chiefs". CNBC. Retrieved 13 May 2023.
  6. ^ "Jewish Belgian politicians - FamousFix.com list". FamousFix.com. Retrieved 13 May 2023.
  7. ^ Anne-Myriam Dutrieue (2010), Le baron Léon Lambert, un banquier et financier belge d'envergure internationale du XXe siècle (PDF)
  8. ^ Recueil Des Cours, Collected Courses, 1948, Volume 72.

Further reading

  • Crombois, J.-F. (1999), "Camille Gutt et la création du Fonds monétaire international (1940-1946)", Relations Internationales (in French), 99: 289–305 (in French).
  • Crombois, J.-F. (2000), Camille Gutt: Les finances et la guerre, 1940–1945 (in French), Gerpinnes: Quorum/Ceges-Soma,
    ISBN 2-87399-102-X
     (in French).
  • ISBN 0-521-48279-8
    .
  • Crombois, Jean-François (2001). "Gutt, Camille" (PDF). Nouvelle Biographie Nationale. Vol. 6. Brussels: Académie royale de Belgique. pp. 228–32.

External links

Civic offices
Preceded by
inaugural
 Head of the International Monetary Fund
1946–1951 		Succeeded by
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