This paper reviews recent experience with the choice of floating or fixed (“anchor ... It concludes that desirable differences between the two sets of regimes have narrowed, owing to the useful ...

But given the similarities between the thirties and 2010, this would mean that the world today is closer to fixed exchange rates than to floating rates. It is true that we have some floating ...

One of the great dividing lines in the bond market is between fixed-rate and floating-rate debt. This difference has become especially stark since 2022, as the rise in short-term interest rates ...

While it is customary to speak of fixed and floating exchange rates, regimes actually span a continuum, ranging from pegs to target zones, to floats with heavy, light, or no intervention. The ...

This article explains the key factors that influence exchange rates. These include floating rates, fixed rates, macroeconomic factors, commodities, and the foreign exchange market itself (also ...

A swap spread is the difference between the fixed ... Swaps are derivative contracts to exchange fixed interest payments for floating rate payments. Since a Treasury bond (T-bond) is often used ...

The IMF helped to supervise the fixed exchange rate regime and to ... currencies to freely trade against each other. A floating exchange rate system was adopted in 1973, and the IMF formally ...