02043cas a2200241 a 4500 AALejournalIMF010575 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451947373 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 19 No. 2. Washington, D.C. : International Monetary Fund, 1972. 1 online resource (251 pages) IMF Staff 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 discusses the underlying objectives of the exchange rate regime are necessarily related to broader objectives of the international financial system and the international economy. The exchange rate regime should help to promote a satisfactory working of the adjustment process. The exchange rate regime should help to promote, or at least support, the pursuit of economic and financial policies that contribute to countries' domestic objectives, as regards both real economic variables and financial variables, notably including the degree of price stability. Attainment of the underlying objectives for the exchange rate regime suggests a number of instrumental or operational desiderata, which are listed below without regard to potential conflict between them and therefore without consideration of any trade-off among themselves. A system of adjustable parities and narrow margins should score well on the objective of exchange stability, provided that the adjustments are not too large or too frequent. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1972/002 Full text available on IMF http://elibrary.imf.org/view/journals/024/1972/002/024.1972.issue-002-en.xml IMF e-Library