Task: Question Answering
Input (English): Context: Harry Dexter White (October 9, 1892  August 16, 1948) was an American economist and senior U.S. Treasury department official. Working closely with the Secretary of the Treasury Henry Morgenthau, Jr., he helped set American financial policy toward the Allies of World War II while at the same time he passed numerous secrets to the Soviet Union. He was the senior American official at the 1944 Bretton Woods conference, that established the postwar economic order. He dominated the conference and imposed his vision of post-war financial institutions over the objections of John Maynard Keynes, the British representative. At Bretton Woods, White was a major architect of the International Monetary Fund and World Bank., The balance of payments, also known as balance of international payments and abbreviated BoP, of a country is the record of all economic transactions between the residents of the country and the rest of the world in a particular period (over a quarter of a year or more commonly over a year). These transactions are made by individuals, firms and government bodies. Thus the balance of payments includes all external visible and non-visible transactions of a country. It is an important issue to be studied, especially in international financial management field, for a few reasons. First, the balance of payments provides detailed information concerning the demand and supply of a country's currency. For example, if the United States imports more than it exports, then this means that the supply of dollars is likely to exceed the demand in the foreign exchanging market, "ceteris paribus". One can thus infer that the U.S. dollar would be under pressure to depreciate against other currencies. On the other hand, if the United States exports more than it imports, then the dollar would be likely to appreciate. Second, a country's balance-of-payment data may signal its potential as a business partner for the rest of the world. If a country is grappling with a major balance-of-payment difficulty, it may not be able to expand imports from the outside world. Instead, the country may be tempted to impose measures to restrict imports and discourage capital outflows in order to improve the balance-of-payment situation. On the other hand, a country experiencing a significant balance-of payment surplus would be more likely to expand imports, offering marketing opportunities for foreign enterprises, and less likely to impose foreign exchange restrictions. Third, balance-of-payments data can be used to evaluate the performance of the country in international economic competition. Suppose a country is experiencing trade deficits year after year. This trade data may then signal that the country's domestic industries lack international competitiveness. To interpret balance-of-payments data properly, it is necessary to understand how the balance of payments account is constructed.
These transactions include payments for the country's exports and imports of goods, services, financial capital, and financial transfers. It is prepared in a single currency, typically the domestic currency for the country concerned. Sources of funds for a nation, such as exports or the receipts of loans and investments, are recorded as positive or surplus items. Uses of funds, such as for imports or to invest in foreign countries, are recorded as negative or deficit items., John Maynard Keynes, 1st Baron Keynes (; 5 June 1883  21 April 1946), was a British economist. His ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He built on and greatly refined earlier work on the causes of business cycles, and is widely considered to be one of the most influential economists of the 20th century and the founder of modern macroeconomics. His ideas are the basis for the school of thought known as Keynesian economics and its various offshoots., The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire, United States, to regulate the international monetary and financial order after the conclusion of World War II., The Johns Hopkins Hospital (JHH) is the teaching hospital and biomedical research facility of the Johns Hopkins School of Medicine, located in Baltimore City, Maryland, U.S. It was founded in 1889 using money from a bequest by philanthropist Johns Hopkins. Johns Hopkins Hospital and the school of medicine are the founding institutions of modern American medicine and the birthplace of numerous medical traditions including rounds, residents and housestaff. Many medical specialties were formed at the hospital including neurosurgery, by Harvey Cushing; cardiac surgery by Alfred Blalock; and pediatrics and child psychiatry, by Leo Kanner., Johns Hopkins (May 19, 1795  December 24, 1873) was an American entrepreneur, abolitionist and philanthropist of 19th-century Baltimore, Maryland., Daniel Coit Gilman (July 6, 1831  October 13, 1908) was an American educator and academic. Gilman was instrumental in founding the Sheffield Scientific School at Yale College, and subsequently served as the third president of the University of California, as the first president of Johns Hopkins University, and as founding president of the Carnegie Institution. He was also co-founder of the Russell Trust Association, which administers the business affairs of Yale's Skull and Bones society. Gilman served for twenty five years as president of Johns Hopkins; his inauguration in 1876 has been said to mark "the starting point of postgraduate education in the U.S.", Germany, officially the Federal Republic of Germany, is a federal parliamentary republic in central-western Europe. It includes 16 constituent states, covers an area of , and has a largely temperate seasonal climate. With about 82 million inhabitants, Germany is the most populous member state of the European Union. After the United States, it is the second most popular immigration destination in the world. Germany's capital and largest metropolis is Berlin. Other major cities include Hamburg, Munich, Cologne, Frankfurt, Stuttgart and Düsseldorf., A graduate school (sometimes shortened as grad school) is a school that awards advanced academic degrees (i.e. master's and doctoral degrees) with the general requirement that students must have earned a previous undergraduate (bachelor's) degree with a high grade point average. A distinction is typically made between graduate schools (where courses of study vary in the degree to which they provide training for a particular profession) and professional schools, which offer specialized advanced degrees in professional fields such as medicine, nursing, business, engineering, or law. The distinction between graduate schools and professional schools is not absolute, as various professional schools offer graduate degrees (e.g., some nursing schools offer a master's degree in nursing). Also, some graduate degrees train students for a specific profession (e.g. an MSc or a PhD in epidemiology trains a person to be an epidemiologist)., Dr. Mohammad Zubair Khan has a doctorate in political economy from Johns Hopkins University . After working briefly for the World Bank , he worked at the International Monetary Fund from 1981 to 1992 , assigned to a wide range of countries , including industrial countries in northern Europe and Turkey , developing countries in south Asia , the oil producing countries in the Middle East and countries in the South Pacific region . Since returning to Pakistan , he has been consulting for the World Bank , the Asian Development Bank , UNDP , JBIC and other international organizations on a range of issues , such as macroeconomic stabilisation policies , monetary policy , trade and exchange rate issues , fiscal and external debt sustainability , fiscal federalism , tax administration and poverty related issues . He also lectures at the Central Banks of Egypt and Sri Lanka , the National Institute of Public Administration ( NIPA ) campus in Lahore , the Pakistan Administrative Staff College , and the National Defence University in Islamabad . He has been Commerce Minister of Pakistan and represented Pakistan at the first ministerial conference of the World Trade Organization . Currently , in addition to consulting , Khan is a member of the National Finance Commission , the Advisory Board of the Securities and Exchange Commission , Government of Pakistan , a member of the board of directors of Bank of Khyber , and a member of the Provincial Finance Commission of the Government of North - West Frontier Province . He is also a member of the Boao Boao Forum for Asia in Hainan , China . Khan is currently managing director of Financial Techniques International . Because of his straight talk and knowledge of economics , he is a popular guest on TV ., Heidelberg University (informally Heidelberg) is a public research university located in the town of Heidelberg, Baden-Württemberg, Germany. Founded in 1386 on instruction of Pope Urban VI, Heidelberg is Germany's oldest university and one of the world's oldest surviving universities. It was the third university established in the Holy Roman Empire., The Johns Hopkins University (commonly referred to as Johns Hopkins, JHU, or simply Hopkins) is an American private research university in Baltimore, Maryland. Founded in 1876, the university was named for its first benefactor, the American entrepreneur, abolitionist, and philanthropist Johns Hopkins. His $7 million bequestof which half financed the establishment of The Johns Hopkins Hospitalwas the largest philanthropic gift in the history of the United States at that time. Daniel Coit Gilman, who was inaugurated as the institution's first president on February 22, 1876, led the university to revolutionize higher education in the U.S. by integrating teaching and research. Adopting the concept of a graduate school from Germany's ancient Heidelberg University, Johns Hopkins University is considered the first research university in the United States., The "International Monetary Fund" (IMF) is an international organization headquartered in Washington, D.C., of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had SDR 477 billion (about $668 billion)., Subject: mohammad zubair khan, Relation: occupation, Options: (A) abolitionist (B) academic (C) bank (D) economist (E) educator (F) entrepreneur (G) founder (H) general (I) grappling (J) hotel (K) major (L) member (M) official (N) philanthropist (O) president (P) research (Q) secretary (R) soviet union
Output (English): economist