Legal effects of fluctuating exchange rates

Online-Ressource (495 p)

Includes bibliographical references and indexes

""Contents""; ""Preface""; ""Short Titles and Abbreviations""; ""1 The International Legal Environment of Exchange Rates""; ""Original Articles of IMF and Amendments""; ""Par Value System Under Original Articles""; ""The Second Amendment""; ""Present Provisions on Exchange Arrangements""; ""A Stable System""; ""Categories of Exchange Arrangements""; ""Safeguards in the Discretionary System""; ""Reactions to the Discretionary System""; ""Appendix A: Article IV""; ""Appendix B""; ""Table 1. Exchange Arrangements as of June 30, 1990""

""Table 2. Comparison of Exchange Arrangements as of June 30, 1985 and June 30, 1990""""Appendix C: Omnibus Trade and Competitiveness Act 1988 of the United States, Title III""; ""2 European Developments""; ""Fluctuation of Exchange Rates""; ""European Monetary System""; ""Differences Between EMS and Par Value Systems""; ""Margins""; ""Intervention""; ""Divergence""; ""Changes""; ""Financing""; ""Appendix D: Resolution of the European Council of 5 December 1978 on the Establishment of the European Monetary System (EMS) and related matters""

""Appendix E: Agreement between the central banks of the Member States of the European Economic Community laying down the operating procedures for the European Monetary System [Basle Agreement]""""3 SDR as Unit of Account""; ""Composite Units of Account""; ""Origin of the SDR""; ""Valuation of the SDR""; ""SDR in Treaty Law""; ""4 ECU as Unit of Account""; ""Role of the ECU""; ""Composition of the ECU""; ""Private Uses""; ""ECU Clearing System""; ""Relationships Between SDR and ECU""; ""ECU in Treaty Law""; ""5 Other Developments in Units of Account""; ""Other Units of Account""

""World Bank""""Multilateral Investment Guarantee Agency""; ""European Bank for Reconstruction and Development""; ""International Development Association""; ""Nonmembers of IMF""; ""International Telecommunication Union""; ""Universal Postal Union""; ""IMF and Units of Account""; ""Transcending Legal Limits""; ""6 Adjusting to Fluctuations""; ""Discretionary Adjustments""; ""Automatic Adjustments""; ""7 Maintenance of Value and Investment""; ""Maintenance of Value""; ""Financial Structure of IMF""; ""Limitation of Maintenance of Value""; ""Maintenance of Value and IDA""; ""Investment""

""8 Selection and Calculation of Exchange Rates Under International Arrangements""""Problems of Choice""; ""IMF's Former Practice""; ""IMF's Present Practice""; ""EMS Practice""; ""Delayed Discharge of Obligations to IMF""; ""Negotiable Instruments and Exchange Rates""; ""Treaties on Investment""; ""IMF's Advice to Other Organizations""; ""MIGA and Exchange Rates""; ""Disputed Exchange Rates""; ""Averaging Exchange Rates""; ""Averaging and SEC""; ""9 Measuring Change in Exchange Rates""; ""GATT""; ""IMF""; ""10 Allocation and Sharing of Exchange Risks""; ""Bilateral Situations""

""Technicality and Realism""

10.5089/9781475506921.071 [DOI]

ECONIS - Online Catalogue of the ZBW