02183cas a2200241 a 4500 AALejournalIMF012730 230101c9999 xx r poo 0 0eng d 50.00 USD 9781589061774 0258-7440 BD-DhAAL BD-DhAAL International Monetary Fund. Exchange Arrangements and Foreign Exchange Markets : Developments and Issues. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (90 pages) World Economic and Financial Surveys <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 reviews developments and issues in the exchange arrangements and currency convertibility of IMF members. Against the backdrop of continuing financial globalization and a series of emerging market crises since 1997, there have been important changes in the evolution of exchange rate regimes and the pace of liberalization of current and capital transactions among IMF member countries. There has been a shift away from intermediate regimes according to the IMF's official exchange rate regime classification system based on de facto exchange rate policies. The de facto exchange rate classification system has helped to clarify the nature and role of members' exchange rate regimes. It has facilitated discussions with country authorities about the implementation of exchange rate regimes and hence has contributed to more effective surveillance of the international monetary system. The use of exchange controls appears to have been little influenced by the degree of flexibility of exchange rate regimes or the occurrences of currency crises. Mode of access: Internet World Economic and Financial Surveys; World Economic and Financial Surveys ; No. 2003/017 Full text available on IMF http://elibrary.imf.org/view/books/083/02150-9781589061774-en/02150-9781589061774-en-book.xml IMF e-Library