When faced with a sudden shock to its economy, a country can opt to implement a dual or multiple foreign exchange rate system. With this type of system, a country has more than one rate at which its ...
The Economic Issues series was inaugurated in September 1996. Its aim is to make some of the economic research being produced in the International Monetary Fund on topical issues accessible to a broad ...
Many economists argue that a flexible exchange rate regime is preferable to a fixed exchange rate regime because it helps to insulate the domestic economy from adverse external shocks. For example, ...
Economists long have argued about whether it’s better to have fixed or floating exchange rates. When the world no longer was on the gold standard with its inherently fixed exchange values, but still ...
Uzbekistan announced it will no longer restrict citizens from purchasing foreign currencies and will end a cap on the som's daily fluctuations, removing the last roadblocks to a fully floating ...
The Central Bank of Nigeria (CBN) has again rejected calls by the IMF and the World Bank that Nigeria should free-float her currency – a decision backed by some eminent Nigerian economists who are ...
The Economic Issues series was inaugurated in September 1996. Its aim is to make some of the economic research being produced in the International Monetary Fund on topical issues accessible to a broad ...
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