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

  • Fiscal sector x
  • Society and Social Sciences x
  • Syrian Arab Republic x
  • Finance and accounting x
  • El Salvador x
  • Microeconomics x
  • Allocative Efficiency; Cost-Benefit Analysis x
  • Environmental economics x
  • Economic Theory; Demography x
  • Periodicals x
  • Portfolio Choice; Investment Decisions x
  • Environmental sciences x
  • Public investments x
  • Innovation; Research and Development; Technological Change; Intellectual Property Rights: General x
  • International organization 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.