Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 40 pages
File Size : 30,89 MB
Release : 1984-07-08
Category : Business & Economics
ISBN : 1557750769
In its surveillance activities, the Fund is frequently confronted with the difficult problem of how to identify exchange rate behavior that is unrelated to underlying economic and financial conditions and, consequently, should be viewed with concern from a national or international standpoint. This paper considers the various issues related to this problem as it pertains to industrial countries, both those that have independently floating exchange rates and those that operate under other exchange arrangements.