Exchange rates play a crucial role in the global economy, influencing trade, investment, and economic stability. Understanding the various measurements and regimes of exchange rates is essential for ...

The Economic Issues series was inaugurated in September 1996. Its aim is to make some of the economic research being produced in the International Monetary Fund on topical issues accessible to a broad ...

Today’s economic reality includes a world of free-floating fiat currencies, where the value of a nation’s currency is determined by supply and demand in the global foreign exchange or forex market.

There is no greater turmoil in the “Seely household” than when it comes to converting funds and trying to determine the movement of a foreign currency exchange rate. Research is done, historical ...

LONDON (Reuters) - Lebanon's currency peg to the dollar has come under scrutiny after two weeks of widespread protests over corruption in the heavily indebted country which has descended into a deep ...

Bangladesh’s central bank introduced a crawling peg system for the local currency in efforts to keep the taka stable and raised its key interest rate to tame inflationary pressures. The central bank ...

The Maduro government has put Venezuela in Satan’s record books. That hellish distinction is because Venezuela is in the grip of one of the world’s 58 episodes of hyperinflation. Hyperinflation occurs ...

This Economic Letter is based on a presentation Mark Spiegel prepared for a panel on “Optimal Currency Arrangements for Emerging Market Economies: The Experience of Latin America and Asia,” organized ...

IMF Article IV requires that the IMF exercise “firm surveillance” over the exchange rate policies of members. After the collapse of the Bretton Woods fixed exchange rate system, the IMF in 1977 ...

Among the many challenges the new Iraqi government will face is the choice of a monetary regime that will promote price stability, an essential element in any well-functioning market economy. In ...

The Economic Issues series was inaugurated in September 1996. Its aim is to make some of the economic research being produced in the International Monetary Fund on topical issues accessible to a broad ...