The operation of the Canadian economy under fixed and flexible exchange rates: simulation results from the TRACE model. This paper investigates two `old' questions concerning the operation of fixed ...

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 ...

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.

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 ...

3.2. Average Annual Inflation and Real Per Capita GDP Growth: Comparison of Dual (or Multiple) and Unified Exchange Rate Systems, 1970–99 3.3. Average Annual Inflation Rates Across Exchange Rate ...

The foreign exchange rate is the rate at which one currency is exchanged for another. For example, if you want to exchange U.S. dollars (USD) for Euros (EUR), the exchange rate will determine how many ...

Analysts at the Afrinvest west Africa have predicted the Central Bank of Nigeria (CBN) will in the next five years, retain the currency fixed exchange and allow gap between official and market-led ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. IMF Article IV requires that the IMF exercise "firm surveillance" over the ...