Browse
You are looking at 1 - 1 of 1 items for :
- International organization x
- Public investments x
- National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock x
- Labor economics x
- Microeconomics x
- Cross-cutting issues x
- Allocative Efficiency; Cost-Benefit Analysis x
- Labor Economics: General x
- Syrian Arab Republic x
- International Economics x
- Environment Sciences x
- Asia and Pacific x
- Industries; Land Use; Labor x
- Financial Economics x
- Environmental sciences x
- Tax administration and procedure x
- Public Finance x
- Finance x
- Technology, Engineering, Agriculture, Industrial processes x
- Public Finance x
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.