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 ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades ... with gold as the basis for the U.S. dollar and fixed exchange rates. What Was the Bretton Woods Agreement ...

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 ...