That effectively paved the way to the end of the Bretton Woods system and allowed the dollar and other currencies to freely trade against each other. A floating exchange rate system was adopted in ...

Simpler, if less compelling, evidence comes from a comparison of countries that switched to a pegged exchange rate (from a floating regime) or vice versa. Relative to the year preceding the regime ...

and depth and liquidity in the onshore FX market is relatively low compared to other countries with de jure floating currencies. Allowing a greater role for market forces within the existing regime, ...

The rand follows a floating exchange rate system, which is why it is so heavily influenced by other factors. The rand is an emerging market currency, which means it is influenced by both local and ...

What is a reserve currency? How did the dollar come to dominate global trade and finance? And why might some countries prefer ...

Under the current global floating exchange range system (more on that soon), currency fluctuations result from the forces of supply and demand on a global scale. In short: Exchange rates compare ...

I want to discuss Canada's experiences—both positive and negative—in moving from a fixed to a floating exchange rate regime, and our subsequent search for a monetary policy anchor. In doing so, I hope ...

Inflation risk With increased reserves, the government is betting on introducing a floating exchange rate regime that will fluctuate without intervention from the Central Bank. Given that the ...