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This collection has access restrictions. For details, please see the restrictions.
This is a finding aid. It is a description of archival material held in the Wilson Library at the University of North Carolina at Chapel Hill. Unless otherwise noted, the materials described below are physically available in our reading room, and not digitally available through the World Wide Web. See the FAQ section for more information.
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Collection Overview
| Size | About 1175 items (10.0 linear feet) |
| Abstract | Edward M. Bernstein, professor of economics at the University of North Carolina, 1935-1940; principal economist for the United States Treasury Department, 1940-1946; assistant to the secretary of the United States Treasury Department, 1946; research director of the International Monetary Fund, 1944-1958; president of EMB (Ltd.) Research Economists, 1958-1981; and guest scholar at the Brookings Institution beginning in 1982. The collection includes reports and other writings on topics in international economics, particularly international finance and monetary policy, by Edward M. Bernstein and EMB (Ltd.) Research Economists; materials concerning the United Nations Monetary and Financial Conference in Bretton Woods, N.H., in 1944, materials about meetings of United States Treasury Department staff, and other materials relating to the establishment and research operations of the International Monetary Fund; some personal papers; and pictures, including pictures of the Bretton Woods conference. |
| Creator | Bernstein, Edward M. (Edward Morris), 1904- . |
| Language | English. |
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Information For Users
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Subject Headings
The following terms from Library of Congress Subject Headings suggest topics, persons, geography, etc. interspersed through the entire collection; the terms do not usually represent discrete and easily identifiable portions of the collection--such as folders or items.
Clicking on a subject heading below will take you into the University Library's online catalog.
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Biographical Information
Edward M. Bernstein, born 16 December 1904 in Bayonne, N.J., had a long and distinguished career in economics. He received his Ph.B. from the University of Chicago in 1927 and Ph.D. from Harvard University in 1931. He taught economics at North Carolina State University from 1930 to 1935, and was on the faculty of the Department of Economics of the University of North Carolina from 1935 to 1940. From 1940 to 1946, he was principal economist for the United States Treasury Department, during which time he also served as assistant director of monetary research and, in 1946, as assistant to the secretary of the U.S. Treasury Department.
In 1944, Bernstein was chief technical advisor and executive secretary to the United States delegation to the United Nations Monetary and Financial Conference in Bretton Woods, N.H., where he played a significant role in designing the structure of the International Monetary Fund (IMF). Starting in 1946 and continuing into 1958, Bernstein, in his capacity as the IMF's research director, was a guiding force in the Fund's policy decisions.
In 1958, Bernstein left the IMF to form EMB (Ltd.) Research Economists, an international monetary research firm. He retired as president of EMB in 1981 and in 1982 took up the position of Guest Scholar at the Brookings Institution.
Bernstein died on 8 June 1996 in Washington, D.C.
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Scope and Content
This collection contains reports and other writings on topics in international economics, particularly international finance, by Edward M. Bernstein and EMB (Ltd.) Research Economists; materials concerning the United Nations Monetary and Financial Conference in Bretton Woods, N.H., in 1944, materials about meetings of U.S. Treasury Department staff, and other materials relating to the establishment and research operations of the International Monetary Fund; some personal papers; and pictures, including pictures of the Bretton Woods conference.
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Series Quick Links
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Series 1. EMB (Ltd.) Reports, 1958-1981.
Arrangement: chronological.
About twenty-five short reports for each year, 1958-1981, on economic issues, especially issues of international monetary policy. Most reports are 5-10 typed pages. For nearly every year, there is a report on the economic situation in the United States and one on the economic situation in the United Kingdom. For several years, there are reports on the economies of Germany, Canada, Mexico, or Australia. Other recurring subjects include interest rates, inflation, economic growth, economic development, balance of payments, investment, energy, and the gold market.
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Series 2. Quarterly Review and Investment Survey, 1959-1981.
Arrangement: chronological.
Quarterly newsletter containing articles about economic issues. From 1959 through 1975, the newsletter was entitled Quarterly Review and Investment Survey and was published by Model, Roland & Stone. Beginning in 1976, the newsletter was published by Shields Model Roland Incorporated and beginning in the second quarter of 1976 was titled Economic Review. Also beginning in 1976, Bernstein's name was on the cover of each issue. From the third quarter of 1977, Bache Halsey Stuart Shields Incorporated published Economic Review and Bernstein wrote it. Bernstein continued to file these under "Quarterly Review" and his folder titles have been retained. The topics of these newsletters are similar to those in the EMB reports in Series 1. Most of them are about international monetary issues, such as interest rates, gold reserves, balance of payments, credit policy, prices, and inflation.
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Series 3. Writings, 1942-1994.
Arrangement: alphabetical repeated.
Papers written by Edward M. Bernstein. The first alphabetical listing includes papers listed by Bernstein in the EMB Papers Document Index in folder 637. The second alphabetical listing includes other writings by Bernstein. The subjects of these papers are similar to the subjects of the reports and newsletters in Series 1 and Series 2. They chiefly deal with international monetary issues, such as the International Monetary Fund, interest rates, gold reserves, balance of payments, credit policy, prices, and inflation.
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Series 4. International Monetary Fund, 1944-1988.
Arrangement: by type of material.
Papers relating to the establishment and policies of the International Monetary Fund. Included are the proceedings of the U.N. Monetary and Financial Conference at Bretton Woods, N.H., in 1944, International Monetary Fund staff papers and reports, and other papers. The IMF staff papers include papers on exchange rates, international trade, economic development, and related topics. Included in this series are papers relating to U.S. policy and research relating to international finance. For example, folder 779 contains correspondence and reports relating to Bernstein's service on the Dillon Committee, which was established in 1965 to study international liquidity and the U.S. balance of payments.
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Series 5. Personal Papers, 1955-1996.
Arrangement: alphabetical.
Biographical sketches, articles about Bernstein, business and personal correspondence, and other personal papers. In a videotaped interview made for his family on 29-30 December 1994, Bernstein discussed his life and career, including his family, childhood, education, and his perspective on the negotiations and decisions leading up to establishment of the International Monetary Fund.
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Series 6. Pictures, 1930s-1990s.
Arrangement: by subject.
Photographs and photocopies of photographs of Bernstein and others, including many photographs from the U.N. Monetary and Financial Conference at Bretton Woods, N.H., in 1944.
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Additions
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Addition of January 2001 (Acc. 98876)
1930s-1990s.
A few letters, 1978-1992; legal papers; writings, awards and diplomas; a copy of the articles of agreement, International Monetary Fund and International Bank for Reconstruction and Development; photograph of Fred M. Vinson; and a photograph taken at the U.N. Monetary and Financial Conference.
| Folder 794 |
Addition of January 2001 #04502, Subseries: "Addition of January 2001 (Acc. 98876)" Folder 794 |
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Addition of February 2001 (Acc. 98857)
1930s-1990s.
Correspondence, a few writings, family photographs, and other materials.
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Addition of May 2001 (Acc. 98951)
1937-1947.
Notes relating to "Topics of the Times," 24 August 1937 and copies of Coxey Good Roads and Non-Interest Bond Library, 1898; A Survey of Modern Monetary Controversy by Dennis H. Robertson, 1937; and "Bank of enland, Report for the Year Ended 28th February 1947."
| Folder 798 |
Addition of May 2001 #04502, Subseries: "Addition of May 2001 (Acc. 98951)" Folder 798 |
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Items Separated
Items separated include: P-4502/folders 1-6; OP-4502/folder 1; OP-P-4502/folder 1, VT-4502/1-2.
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