It concludes that desirable differences between the two sets of regimes have narrowed, owing to the useful operational role of exchange rate margins and unavoidable medium-term rate adjustments in the ...

The paper develops an analytical framework of costs and benefits of a fixed exchange rate, based on the ability of a developing country to meet its external obligations while achieving a maximum rate ...

Choosing between a fixed and floating interest rate for your loan can significantly impact your financial stability and planning. Understanding the benefits and drawbacks of each can help you make ...

Today’s system of exchange rates act as the lynchpin of the age of globalisation, but the road to that system has been tumultuous, shaped by a series of mistrials In 1944, a mechanism for fixed ...