The future of the IMF
Getting the emerging markets involved is the right way to go, says Norbert Walter, the head of economic research at Deutsche Bank, in this op-ed piece written for Central Bank News.
The IMF was created during the time of the Bretton Woods exchange-rate regime. As the peg to the US dollar is no longer the rule, many tasks connected to balance-of-payments management have become obsolete. The number of fixed exchange-rate regimes has decreased and they have become regional rather than global
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