01558cas a2200229 a 4500 AALejournalIMF011597 230101c9999 xx r poo 0 0eng d 9781616353636 0145-1707 BD-DhAAL BD-DhAAL International Monetary Fund. External Relations Dept. Finance and Development, December 1985. Washington, D.C. : International Monetary Fund, 1985. 1 online resource (64 pages) Finance and Development <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 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. Mode of access: Internet Finance and Development; Finance and Development ; No. 0022/004 Full text available on IMF http://elibrary.imf.org/view/journals/022/0022/004/022.0022.issue-004-en.xml IMF e-Library