The Exchange Rate System: Lessons of the Past and Options for the Future
Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
| Author: | International Monetary Fund | ISBN: | 9781455214303 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | July 8, 1984 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | International Monetary Fund |
| ISBN: | 9781455214303 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | July 8, 1984 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
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.
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.
