A rocket scientist – he designed weapons systems for a defense contractor – once told me that monetary principles were more difficult than rocket science. The evidence supports his view: we have many ...
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, ...
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 ...
A government mandates a fixed exchange rate - also known as a pegged exchange rate - for its currency when it bases the exchange value on another country's currency, gold or a different asset. If the ...
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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