01699cas a2200241 a 4500 AALejournalIMF010109 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451974133 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. International Monetary System : Developments and Prospects. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper addresses several fundamental issues raised by recent developments in the world economy and considers their implications for the design and functioning of the international monetary system. We do not make any proposals. The four issues examined in the paper are: (1) Can the exchange rate regime do much to discipline fiscal policy?; (2) What are the extent and costs of reduced monetary independence under greater fixity of exchange rates?; (3) How can the equilibrium exchange rate best be determined?; and (4) Does a well functioning international monetary system require a clearly defined set of rules, an acknowledged leader, and an explicit anchor?. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/045 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/045/001.1988.issue-045-en.xml IMF e-Library