Browse
You are looking at 1 - 1 of 1 items for :
- Cross-cutting issues x
- Finance x
- Labor economics x
- Syrian Arab Republic x
- Tax administration and procedure x
- Public Finance x
- Portfolio Choice; Investment Decisions x
- Allocative Efficiency; Cost-Benefit Analysis x
- Public investments x
- Environmental sciences x
- International institutions x
- National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock x
- International Economics x
- Labor Economics: General x
- Environment Sciences x
- Technology, Engineering, Agriculture, Industrial processes x
- Finance x
- Innovation; Research and Development; Technological Change; Intellectual Property Rights: General x
- Asia and Pacific x
- Microeconomics 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.