This brief considers the choice of an appropriate exchange rate regime—floating, managed or fixed arrangements—for individual countries in light of important changes that have taken place in the world ...

This discussion is based on the theory of optimal currency areas, which stipulates that real shocks (for example, terms of trade shocks) are better accommodated through flexible exchange rates, and ...

Explore the significance of the Bretton Woods Agreement in shaping global economic relations post-WWII, establishing key ...

In a dual exchange rate system, there are both fixed and floating exchange rates in the market. The fixed rate is only applied to certain segments of the market, such as “essential” imports ...

Finance Minister Sitharaman clarifies that the rupee value is market-determined, rejecting claims of devaluation. She ...