Browse

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

  • Finance & Development x
  • Syrian Arab Republic x
  • International Economics x
  • Allocative Efficiency; Cost-Benefit Analysis x
  • International institutions x
  • Labor Economics: General x
  • International Economics x
  • National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock x
  • Tax administration and procedure x
  • Public investments x
  • Portfolio Choice; Investment Decisions x
  • Labor economics x
  • Public Finance x
  • Financial and monetary sector x
  • Technology, Engineering, Agriculture, Industrial processes x
  • Environmental sciences 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.