Finance and Development, December 1985.

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...

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Bibliographic Details
Corporate Author: International Monetary Fund. External Relations Dept
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1985.
Series:Finance and Development; Finance and Development ; No. 0022/004
Online Access:Full text available on IMF
Description
Summary: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.
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Physical Description:1 online resource (64 pages)
Format:Mode of access: Internet
ISSN:0145-1707
Access:Electronic access restricted to authorized BRAC University faculty, staff and students