Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

Second, it classifies exchange rate regimes in more detail than the traditional dichotomy between fixed and floating exchange rates. Third, it distinguishes between the central banks' declared ...

Currency crises are usually associated with large nominal and real depreciations. In some countries depreciations are perceived to be very costly ("fear of floating"). In this paper we try to ...