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 ...

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, ...

There are 13 countries in Central, Eastern, and Southeastern Europe (CESEE) with floating exchange rate regimes, de jure. This paper uses the framework pioneered by Frankel and Wei (1994) and extended ...

Economic Theory, Vol. 24, No. 4, Symposium in Honor of Bruce D. Smith: Recent Developments on Money and Finance (Nov., 2004), pp. 839-856 (18 pages) This paper compares the merits of alternative ...

Since there was a preponderance of pegged exchange rate regimes in the 1960s--when inflation rates were low--the association between low inflation and pegged rates might be more an artifact of the ...

Bank of Israel study on risk premium shows correlation to laxity of exchange rate regime The public's perception of risk in the shekel-dollar exchange rate has climbed in recent years, due in part to ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper assesses the stabilization properties of fixed versus flexible exchange rate regimes and aims to answer this ...

On July 21, 2005, after more than a decade of strictly pegging the renminbi to the U.S. dollar at an exchange rate of 8.28, the People’s Bank of China (PBOC 2005a) announced a revaluation of the ...

China’s exchange rate regime has undergone gradual reform. After announcing the move away from a fixed exchange rate in July 2005, China began taking regular steps towards a more flexible currency, ...

Nigeria operates a multiple exchange rate regime, which the Central Bank of Nigeria (CBN) has defended. But the International Monetary Fund (IMF) has faulted the multiple exchange rate regime and ...

Its Director General, Segun Ajayi-Kadir, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos. NAN reports that a floating exchange rate is a currency management system ...