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 ...

This paper assesses the stabilization properties of fixed versus flexible exchange rate regimes and aims to answer this research question: Does greater exchange rate flexibility help an economy’s ...

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, ...

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 ...

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 ...

The International Monetary Fund has classified India’s exchange rate regime as a ‘crawl-like’ arrangement. This means the Reserve Bank of India (RBI) is allowing a measured flexibility in the forex ...

Argentina will have a floating exchange rate “pretty soon” as its current trading band widens, according to President Javier Milei’s deregulation czar. “The bands are opening up as we move along, ...

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

The Central Bank of Nigeria (CBN) yesterday unified all exchange rates within the economy into the Investors and Exporters (I&E) window. In a circular to authorised dealers signed by CBN Director, ...