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

July 8, 1984

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The Exchange Rate System: Lessons of the Past and Options for the Future, (USA: International Monetary Fund, 1984) accessed September 20, 2024

Summary

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.

Subject: Balance of payments, Currencies, Current account, Exchange rate adjustments, Exchange rate arrangements, Exchange rates, Foreign exchange, Money, Real exchange rates

Keywords: Adjustable peg, Currencies, Current account, Europe, Exchange rate, Exchange rate adjustments, Exchange rate arrangements, Exchange rate movement, Exchange rate system, Exchange rate variability, Exchange rates, Global, OP, Rate, System in terms, System option

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1984/003
Stock No:

S030EA0000000
ISBN:

9781557750648
ISSN:

0251-6365

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