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The Exchange Rate System and the IMF - A Modest Agenda (Paperback)
Loot Price: R314
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The Exchange Rate System and the IMF - A Modest Agenda (Paperback)
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List price R366
Loot Price R314
Discovery Miles 3 140
You Save R52 (14%)
Expected to ship within 12 - 17 working days
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Global currency markets have remained unsettled. The dollar hit
record lows against both the yen and the mark in 1995. The Mexican
crisis led to a free fall of the peso. Renewed tensions in the
European Monetary System required devaluations in Spain and
Portugal. It is thus fortuitous that the world's major countries,
starting with the G-7 summit in Italy in June 1994, have agreed to
reexamine the world monetary system and the role of its chief
institutional custodian the International Monetary Fund. Yet there
is little agreement on what should be done. Sweeping change in the
form of explicit, binding exchange rate targets for the United
States, Japan, and Europe does not seem to be in the cards. More
limited reforms might gain more acceptance. But what should be the
nature of those reforms? Would they be worth the effort? This study
sets out a modest agenda for managing the exchange rate system,
improving the system's early warning capabilities, and
strengthening the IMF s oversight responsibilities. It could help
improve functioning of the world economy and global financial
stability.
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