Abstract
The Articles of Agreement of the International Monetary Fund stipulate in Article IV(5)a that ‘a member shall not propose a change in the par value of its currency except to correct a fundamental disequilibrium’.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Bank for International Settlements. 1945. Annual report. Basle: Bank for International Settlements.
Dam, K.W. 1982. The rules of the game: Reform and evolution in the international monetary system. Chicago: University of Chicago Press.
de Vries, M.G. 1985. The international monetary fund 1972–1978: Cooperation on trial. 3 vols, Washington, DC: International Monetary Fund.
Horsefield, J.K. 1969. The international monetary fund 1945–1965: Twenty years of international cooperation. 3 vols, Washington, DC: International Monetary Fund.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Moggridge, D.E. (2018). Fundamental Disequilibrium. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1209
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_1209
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences