000			01963nam a2200181Ia 4500
999			_c159482 _d159482
005			20220509171445.0
008			200208s9999 xx 000 0 und d
082			_a332.152 Tan c.2
100			_aTaneja, S. K.
245		0	_aIndia and international monetary management
260			_aNew Delhi
260			_bSterling Pub.
260			_c1976
300			_a480 p.
520			_aInternational monetary management is concerned with governing the conduct of international economic transactions, the methods of financing deficits and surpluses in internat payments and the manner in which countries are expected to respond to such deficits and surpluses. The present system of International Monetary Management, which arose to a large extent from the 1944 Bretton Woods Conference, is in sharp contrast to that of the inter-war period, particularly the 1930's, when countries pursued their financial policies with little regard for, and little understanding of, the effect that these policies might have on other countries. The present system comprises the provisions of the Articles of Agreement of the International Monetary Fund which are designed to foster the interconvertibility of currencies. It includes the par value system, under which a country is expect ed to maintain a fixed value for its currency relative to gold and to other currencies-alteration of the value being reserved to circumstances of fundamental disequilibrium and requiring consultation with the Fund and; in most cases, the Fund's concurrence. It comprises also those provisions of the Articles of Agreement of the Fund and of the GATT under which restrictions on currency payments and on trade are generally. allowable only in situations of balance of payments difficulty and are subjected to international regulation. In addition, it embraces all those de facto practical arrangements which give life and reality to the legal provisions.
650			_aMone
942			_cDB _2ddc