The Exchange Rate System [electronic resource] : Lessons of the Past and Options for the Future.
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TextSeries: Occasional Papers; Occasional Paper ; No. 30Publication details: Washington, D.C. : International Monetary Fund, 1984Description: 1 online resource (71 p.)ISBN: 1557750645 :ISSN: 0251-6365Subject(s): Balance of Payments | Exchange Rate Movements | Exchange Rate System | Exchange Rate | Exchange Rates | France | Germany | Japan | United Kingdom | United StatesAdditional physical formats: Print Version:: The Exchange Rate System : Lessons of the Past and Options for the FutureOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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