The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Fundamental Disequilibrium

  • D. E. Moggridge
Reference work entry


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’.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • D. E. Moggridge
    • 1
  1. 1.