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The fiftieth anniversary of the Bretton Woods Conference served as an opportunity to reappraise the desirability of strengthening the IMF's oversight of the functioning of the international monetary system. Whatever the design of an exchange rate system and the arrangements for the provision of international liquidity, it is widely accepted that to be effective such oversight must rest on a strong analytic foundation. These two volumes, edited by Jacob A. Frenkel and Morris Goldstein, present 30 analytic papers on the system as it functioned during 1987-91 and aim at conveying the flavor of those issues that commanded close attention in the Fund's research program.

International finance. --- Foreign exchange. --- Money --- International economic relations. --- Monetary policy. --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- Cambistry --- Currency exchange --- Exchange, Foreign --- Foreign currency --- Foreign exchange problem --- Foreign money --- Forex --- FX (Finance) --- International exchange --- International finance --- Currency crises --- International monetary system --- International money --- Finance --- International economic relations --- European Monetary System (Organization) --- Système monétaire européen (Organization) --- Europäisches Währungssystem (Organization) --- Sistema Monetario Europeo (Organization) --- Europees Monetair System (Organization) --- Europæisk monetær system (Organization) --- Euroopan valuuttajärjestelmä --- EMS (European Monetary System) --- E.M.S. (European Monetary System) --- EWS (European Monetary System) --- E.W.S. (European Monetary System) --- SME (European Monetary System) --- S.M.E. (European Monetary System) --- Monetary policy --- Foreign exchange --- E-books --- Exports and Imports --- Foreign Exchange --- Inflation --- Money and Monetary Policy --- Public Finance --- Fiscal Policy --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Price Level --- Deflation --- Demand for Money --- National Government Expenditures and Related Policies: General --- Currency --- Macroeconomics --- Monetary economics --- Public finance & taxation --- Exchange rates --- Real exchange rates --- Fiscal policy --- Currencies --- Prices --- Nominal effective exchange rate --- Budget --- Expenditures, Public --- United States