World Economic and Financial Surveys

Issues in International Exchange and Payments Systems

Author/Editor:

Peter J. Quirk

Publication Date:

April 13, 1995

Summary:

The global trend toward lilberalization in countries international payments and transfer systems has been widespread in both industrial and developing countries and most dramatic in Central and Eastern Europe. Countries in general have brought their exchange systems more in line with market principles and moved toward more flexible exchange rate arrangements. This study updates previous studies published under the title Developments in International Exchange and Payments Systems.

Series:

World Economic and Financial Surveys No. 1995/006

Subject:

Balance of payments Capital flows Currency markets Exchange rate arrangements Exchange rates Exchange restrictions Foreign exchange

Notes:

Prepared by a staff team from the Monetary and Exchange Affairs Department.