Ivar Rooth
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Ivar Rooth | |
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Managing Director of the Swedish National Bank | |
In office 1929–1948 | |
Preceded by | Victor Moll |
Succeeded by | Klas Böök |
Personal details | |
Born | Stockholm, Sweden | 2 November 1888
Died | 27 February 1972 Lidingö, Sweden | (aged 83)
Alma mater | Uppsala University |
Profession |
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Ivar Rooth (2 November 1888 – 27 February 1972) was a Swedish lawyer and economist who served as the governor of the
Career
Rooth was born on 2 November 1888, in Stockholm, Sweden. He was the son of Otto Rooth and Ellen Hertzman.
In Rooth's early career, he was Solicitor for the Handelsbank (Commercial Bank) of Stockholm (1914), head of Bank's Commercial Credit Department (1915), Assistant Manager and Solicitor of Stockholm Mortgage Bank, Governor of the Central Bank of Sweden (
Rooth, in his first address to member countries as Managing Director of the IMF on 11 September 1951, stated that the Fund "sought removal or modification of exchange restrictions and other discriminatory practices" aimed at a freer flow of international trade and payments. Subsequently, general policy on use of IMF's resources was set forth. This initiated the IMF's policy of drawings in tranches. In 1952, in accordance with the Articles of Agreement, 5 years after the IMF began financial operations, annual consultations with members maintaining exchange restrictions under Article XIV were initiated. The IMF introduced a general framework for Stand-by Arrangements, and the criteria to be applied were standardized. Rooth's term as Managing Director of the IMF ended on 27 April 1956, but he accepted a request by the Executive Board to serve a further period ending on 3 October 1956.
Rooth was head of the Investment Committee of the United Nations Pension Fund from 1947 to 1961, and he was also head of the Currency Board in Kuwait from 1960 to 1962. After 1962 he stepped down and lived at Lidingö, Sweden, and occasionally wrote and gave lectures on economic affairs.
Personal life
In 1914, he married Ingrid Lundgren (born 1889), the daughter of Bengt Lundgren and Eva Wennerström.[1] In 1931, he married Ingrid Söderlindh (born 1899), the daughter of Gunnar Söderlindh and Gertrud Lindroth.[2]
He had four children, including physician Gösta Rooth.
Rooth died in Sweden on 27 February 1972.[3]
References
- ^ SELIBR 6gnl7s754g5f6x82.
- ^ Vem är det: svensk biografisk handbok. 1933 [Who is it: Swedish biographical handbook. 1933] (in Swedish). Stockholm: Norstedt. 1932. p. 712.
- New York Times, February 29, 1972.