III Problems with Present System
Author: Mr. Mark P. Taylor1, Mr. Peter Isard, Mr. Morris Goldstein2, and Mr. Paul R Masson
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
  • | 2 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
OP; monetary union desirable; monetary union; country; exchange rate commitment; policy union; policy coordination; exchange rate union; Monetary unions; Exchange rates; Currencies; Real exchange rates; Europe; Middle East; Western Hemisphere; Asia and Pacific; Global; exchange rate uncertainty; price flexibility; nominal exchange rate movement; price level; exchange rate objective; Nominal effective exchange rate; Exchange rate adjustments

Abstract

Against the background shaped by developments in the world economy, some of the main problem areas of the international monetary system are now considered under four headings: (1) undisciplined or ineffective national policies; (2) excessive swings in real exchange rates; (3) limited credibility in efforts to manage exchange rates; and (4) deficiencies in the international liquidity system. This section attempts to develop a better understanding of the nature and sources of these problems, and the subsequent section considers what can be done to alleviate them.

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Cover Policy Issues in the Evolving International Monetary System
Policy Issues in the Evolving International Monetary System
Author: Mr. Mark P. Taylor, Mr. Peter Isard, Mr. Morris Goldstein, and Mr. Paul R Masson
ISBN:
9781557752345
ISSN:
0251-6365
Publication Date:
15 Jun 1992
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557752345.084
Pages:
81