This is a preview. Log in through your library . Abstract This paper reviews the extent to which a decade of analysis and experience has altered the thinking on the choice of an exchange rate system.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

On July 21, 2005 Chinese monetary policy makers surprised the country’s trade partners by revaluing the yuan 2.1% higher against the dollar, ending a fixed exchange-rate regime that angered officials ...

The U.S.-China trade war and anti-Beijing protests in Hong Kong are testing the strength of the Hong Kong dollar’s 36-year peg to the U.S. dollar, which has helped make it an attractive market for ...

Today’s economic reality includes a world of free-floating fiat currencies, where the value of a nation’s currency is determined by supply and demand in the global foreign exchange or forex market.

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 ...

Fifty years ago, the world changed. On August 15, 1971, US President Richard Nixon slammed shut the “gold window,” suspending dollar convertibility. Although it was not Nixon’s intention, this act ...

Trade is, fundamentally, a simple thing, but people like to make it complicated. In part, this arises because if you make it complicated, you might be able to fool someone into giving you an advantage ...

OTTAWA, Oct 27 (Reuters) - Canada has no need for a fixed foreign exchange rate despite the damage done to manufacturers by the recent rapid rise in the value of the Canadian dollar, Bank of Canada ...