Browse
You are looking at 1 - 1 of 1 items for :
- Financial and monetary sector x
- International organization x
- Technology; general issues x
- Liquidity; Economics x
- Microeconomics x
- El Salvador x
- Finance x
- Environmental economics x
- International institutions x
- Allocative Efficiency; Cost-Benefit Analysis x
- Periodicals x
- Innovation; Research and Development; Technological Change; Intellectual Property Rights: General x
- Society and Social Sciences x
- Financial Economics x
- Public investments x
- Syrian Arab Republic x
- Finance and accounting x
- Fiscal sector x
- Tax policy x
- Portfolio Choice; Investment Decisions x
- International agencies x
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.