This paper describes the methodology and the data used to compute nominal and real effective exchange rate indices in the International Monetary Fund`s Information Notice System (INS). In particular, it highlights improvements to the INS implemented over 1994-96, including modifications to the...

In the Summer of 1998, the Executive Board discussed a set of three papers prepared by the staff that focused on the likey impact of EMU on selected non-EU countries. In recognition of the contribution these papers could make to the literature and discussion of EMU, the Board requested that this...