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

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BIHAR FLOODS- Familiar Patterns

points of this arrangement. In the past the IMF had consistently opposed any major deviations from the Bretton Woods system and dismissed all suggestions favouring greater flexibility of exchange rates. Some of the IMF's critics had felt that since the sheet- anchor of the IMF was the fixed exchange rates system, any deviation from this orthodoxy was bound to undermine the organisation

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