Comment: The IMF and exchange rate surveillance

The IMF's managing director, Rodrigo de Rato, on Thursday 9 February shed some light on the Fund's thinking over its medium-term strategy in a speech in Rome.

COMMENT BY CENTRALBANKNEWS

He spoke of enhancing the Fund's surveillance of member countries' financial markets and exchange rate policies. Most interesting was the recognition that the Fund has to reshape its approach to exchange rate policies in emerging markets.

"Surveillance" has become the Fund's instrument of choice in recent years

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