Every few months, headlines announce that countries want to “move away from the dollar.” India settles a shipment in rupees, African economies test regional payment systems, and the BRICS group ...

One of the landmark developments influencing financial markets in the post-war era occurred 50 years ago, when the international monetary system shifted from a fixed to a floating exchange-rate regime ...

The foreign exchange rate, often abbreviated as “forex” or “F.X.,” is a fundamental concept in international finance and trade. It plays a pivotal role in the global economy and impacts individuals, ...

This splendid conference volume comprises 28 succinct essays by top researchers and policymakers on the switch to floating exchange rates in 1973, plus an introduction by Maury Obstfeld and Doug Irwin ...

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, ...

Exchange rates play a crucial role in the global economy, influencing trade, investment, and economic stability. Understanding the various measurements and regimes of exchange rates is essential for ...

An exchange rate is how much of a given nation’s currency you can buy with a different nation’s currency. If you purchase foreign goods or travel abroad, you may need to convert your currency to ...