Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
ISBN 13 : 1616353635
Total Pages : 64 pages
Book Rating : 4.6/5 (163 download)
Book Synopsis Finance & Development, December 1985 by : International Monetary Fund. External Relations Dept.
Download or read book Finance & Development, December 1985 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1985-12-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper elaborates the introduction of surveillance that gave the IMF broader responsibilities with respect to oversight of its members’ policies than existed under the par value system. The IMF’s purview has been broadened under the new system but, by the same token, its members are no longer obliged to seek its concurrence in changes in exchange rates. The continuing volatility of exchange rates, and their prolonged divergence from levels that appear to be sustainable over time, have been matters of growing concern.