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

POLITICS-Special Treatment

adjustable par values and with floating rates providing a useful instrument in particular situations; (b) co-operation in dealing with disequilibrating capital flows, (c) introduction of an appropriate form of convertibility for settlement of imbalances, with symmetrical obligations on all countries; (d) better international management of global liquidity, with the SDR becoming the principal reserve asset and the role of gold and of reserve currencies being reduced; (e) consistency between arrangements for adjustment, convertibility and global liquidity; and (f) promotion of net flow of real resources to developing countries.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top