Browse

You are looking at 1 - 1 of 1 items for :

  • Labour; income economics x
  • Society and Social Sciences x
  • Public investments x
  • Macroeconomics x
  • Environment Sciences x
  • International agencies x
  • National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock x
  • International Economics x
  • Labor Economics: General x
  • Microeconomics x
  • Periodicals x
  • Refine By Language: English x
Clear All
Warren C. Baum and Stokes M. Tolbert

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.