One of the landmark developments influencing financial markets in the post-war era occurred 50 years ago, when the international monetary system shifted from a fixed to a floating exchange-rate regime ...

Discover the ins and outs of fixed-for-fixed currency swaps, where parties exchange fixed interest payments across different ...

When faced with a sudden shock to its economy, a country can opt to implement a dual or multiple foreign exchange rate system. With this type of system, a country has more than one rate at which its ...

Every few months, headlines announce that countries want to “move away from the dollar.” India settles a shipment in rupees, African economies test regional payment systems, and the BRICS group ...

This splendid conference volume comprises 28 succinct essays by top researchers and policymakers on the switch to floating exchange rates in 1973, plus an introduction by Maury Obstfeld and Doug Irwin ...

The foreign exchange rate, often abbreviated as “forex” or “F.X.,” is a fundamental concept in international finance and trade. It plays a pivotal role in the global economy and impacts individuals, ...

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 ...

Discover how a nation's balance of payments can affect its currency's exchange rate and the dynamics of its relationship in ...

Many economists argue that a flexible exchange rate regime is preferable to a fixed exchange rate regime because it helps to insulate the domestic economy from adverse external shocks. For example, ...