The Exchange Rate System : Lessons of the Past and Options for the Future.

The last few years have witnessed a resurgence of calls for a re-examination, or perhaps even a reform, of the international monetary system. This paper contributes to the ongoing debate on that subject in three ways: 1 it suggests a set of criteria for evaluating alternative exchange rate systems;...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1984.
Colecção:Occasional Papers; Occasional Paper ; No. 1984/003
Acesso em linha:Full text available on IMF
Descrição
Resumo:The last few years have witnessed a resurgence of calls for a re-examination, or perhaps even a reform, of the international monetary system. This paper contributes to the ongoing debate on that subject in three ways: 1 it suggests a set of criteria for evaluating alternative exchange rate systems; 2 it provides a comprehensive appraisal of a decade of experience with the present exchange rate system in terms of those criteria; and 3 it selects some key issues as a basis for discussion on how the evolution of the exchange rate system might best be managed over the medium term.
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Descrição Física:1 online resource (71 pages)
Formato:Mode of access: Internet
ISSN:0251-6365
Acesso:Electronic access restricted to authorized BRAC University faculty, staff and students