The Fund Appears to be Sleeping at the Wheel

Morris Goldstein and Michael Mussa

Chapter 17 in Trade, Currencies, and Finance, 2017, pp 639-641 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Frustrated with the lack of meaningful exchange rate adjustment by China and some other Asian economies, the US Treasury has called on the International Monetary Fund to be more ambitious in its surveillance of exchange rates and warned that the “perception that the IMF is asleep at the wheel on its most fundamental responsibility—exchange rate surveillance—is very unhealthy both for the institution and the international monetary system”.

Keywords: Trade; Currencies; Finance; IMF; Financial Regulation; Trade Elasticities; China (search for similar items in EconPapers)
Date: 2017
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