GATT Art. XV: Exchange Arrangements

Abstract:     
This is a commentary on GATT Article XV: Exchange Arrangements. These exchange agreements are the multilateral rules on currency exchange systems that are administered by the IMF and codified in the Articles of Agreement of the IMF, as well as arrangements that may be made between the WTO and one of its Members if that is not also a member of the IMF (a “special exchange agreement”). Art. XV GATT is the “cornerstone” of the relationship between the IMF and the WTO, setting out the basis for co-operation between the two organisations. The purpose of the article is to give the reader a comprehensive and concise insight into the meaning of GATT Article XV.

Number of Pages in PDF File: 11

Keywords: GATT Article XV, Exchange Agreements, Exchange Controls and Trade Restrictions, The WTO and the IMF

JEL Classification: F13, F33

Accepted Paper Series