The country has also instituted disciplined ... unlike currencies with fixed exchange rates. The FKP is pegged to the British Pound and as such mirrors the GBP’s value. The Island’s small ...

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 ...

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 ...

In many countries, many exchange rates were out of equilibrium in many moments between 1947 and 1973—due to the excessive rigidity of fixed rates—but one cannot deny that this has also been ...

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 ...

China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005 ... in the onshore FX market is relatively low compared to other countries with de jure ...

The exchange rate applied at the time set ... and services as well as financing. All of the countries in the Bretton Woods system agreed to a fixed peg against the U.S. dollar with diversions ...

This decision is a pragmatic step, regardless of whether it was motivated by the necessity of meeting IMF program conditions ...

including the end of currency controls and the introduction of a managed float within a fixed exchange rate band. The move marks the beginning of what authorities are calling “Phase 3” of ...

SchrØder, M. (2013): “Should Developing Countries Undervalue Their Currencies?,” Journal of Development Economics, 105, 140-151. Shambaugh, J. C. (2004): “The Effect of Fixed Exchange Rates on ...