This brief considers the choice of an appropriate exchange rate regime—floating, managed or fixed arrangements—for individual countries in light of important changes that have taken place in the world ...
The USD/JPY exchange rate has retreated in the past few days as the market focuses on the next actions by the Federal Reserve and Bank of Japan (BoJ). It retreated to a low of 152.45 on Thursday, down ...
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 ...
During the past decade, many countries have changed their exchange rate regimes, moving from crisis-prone soft pegs to hard pegs or floating regimes. This trend is likely to continue, particularly ...
Brian McCarthy, managing principal at Macrolens, says that "handcuffs" it from "executing the kind of aggressive stimulus combining monetary and fiscal policy." ...
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