Improving the International Monetary System: Constraints and Possibilities

By Morris Goldstein, Donald J Mathieson, Tamim Bayoumi, Michael Mussa, Peter B. Clark

January 27, 1995

Preview Citation

Format: Chicago

Morris Goldstein, Donald J Mathieson, Tamim Bayoumi, Michael Mussa, and Peter B. Clark Improving the International Monetary System: Constraints and Possibilities, (USA: International Monetary Fund, 1995) accessed December 22, 2024

Summary

This study addresses major policy issues associated with the future of the international monetary system. It focuses on whether there is a need for fundamental reform of this system, defined as systematic and sustained effort on the part of the three major industrial countries (United States, Japan, and Germany) to maintain their exchange rates within agreed ranges. It then discusses less rar-reaching reforms that could strengthen and improve the system.

Subject: Exchange rate arrangements, Exchange rates, Financial markets, Foreign exchange, International capital markets, International monetary system, Managed exchange rates, Money

Keywords: Country, Europe, Exchange rate, Exchange rate arrangements, Exchange rates, Global, IMF surveillance, International capital markets, International monetary system, Managed exchange rates, Market, Market participant, Middle East, Nominal exchange rate, Objectives vis-à-vis, OP, Pound sterling, Sterilized exchange market intervention, U.S. dollar, Western Hemisphere

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1995/001
Stock No:

S116EA0000000
ISBN:

9781557754448
ISSN:

0251-6365

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