Is there a connection between exchange rate flexibility and external adjustment? Writing in the heyday of the Bretton Woods system of monetary management, the influential economist Milton Friedman ...

Flexible exchange rates among the major industrial country currencies seem likely to remain a key feature of the system. The launch of the euro in January 1999 marked a new phase in the evolution of ...

A flexible exchange rate is an essential component of the Bank of Canada’s monetary policy framework. This is because it can act as a shock absorber for the Canadian economy. The Canadian dollar is ...

A G7 source said that the group will also consider during the London meeting a more flexible long term exchange rate for the booming Chinese economy. However G7 admits that at the moment there are ...