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 ...

Under fixed exchange rates, by contrast, the burden of adjustment in deficit ... It calls for careful evaluation of benefits, risks, and policy options before tying one’s hands in a pegged exchange ...

If you're wondering what is fixed income investment and whether it deserves a spot in your portfolio, you're not alone. Fixed-income investments offer predictable interest payments and the return ...