Prudent monetary policy: they often have fixed exchange rates or are pegged to the U.S ... Financial hubs: some countries have cities that are financial hubs, like Hong Kong, London, or New ...

This paper examines the recent evolution of exchange rate policies in the developing world. It looks at why so many countries have made a transition from fixed or "pegged" exchange rates to "managed ...

Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate The paper examines the role of credibility in the conduct of exchange rate ...

The Jamaica Agreement abolished gold as a reserve asset and formalised the floating exchange rate system that survives to this day. Countries around the world have since chosen their own method of ...

The IMF helped to supervise the fixed exchange rate regime ... U.S. and other countries operate on fiat currencies. With the elimination of the gold standard, the dollar has become the currency ...

The Hong Kong dollar was originally set at a rate of 7.8 per US dollar, although it has been allowed to trade ... The peg’s fixed exchange rate allows the free movement of capital that suits ...