ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Under-cover Decision-making

of the pound sterling test year and that of the franc this year, IMF has been at best on the periphery of international negotiations. And yet IMF was intended primarily to deal with short- term trade and currency imbalance problems. There are two reasons for this state of affairs: IMF does not command the resources of the magnitude required to counter currency slagging; more than that, IMF has not built itself up as an independent force in currency matters.

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