Kato on IMF reform and exchange rate surveillance

In the speech 'IMF reform and exchange rate surveillance' given on 7 March Takatoshi Kato of the IMF said exchange rate assessments need to disentangle factors that are relevant for the medium term from those affecting short-term dynamics.

"Similarly, the IMF, and the economics profession as a whole, must achieve a deeper understanding of the interaction of financial sector developments and exchange rate trends. The IMF needs to emerge as a center of excellence in this area; indeed, this is a key

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