Addressing a Parliamentary question to Minister of Treasury and Finance Albayrak, HDP MP Garo Paylan has noted that the exchange rate of US dollar has been fixed at 6.86 Turkish Lira in the last weeks ...

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 ...

After many years in which the US consistently pushed China to move in the direction of a market-determined exchange rate, the Trump Administration is now pushing China to effectively fix its exchange ...

The influential Krugman-Flood-Garber (KFG) model of balance of payment crises assumes that a fixed exchange rate is abandoned if and only if international reserves reach a critical threshold value.

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 ...

After all, are we living in a world of floating rates or fixed rates? Normally, analysts take for granted that since 1973 the world has been living with floating rates. After all, are we living in a ...

Today’s system of exchange rates act as the lynchpin of the age of globalisation, but the road to that system has been tumultuous, shaped by a series of mistrials In 1944, a mechanism for fixed ...

Put simply, exchange rates compare the value of one currency to another. They measure how much of one currency it takes to purchase a unit of another. Exchange rates are ultimately determined in ...

While the collapse of the Bretton Woods system in 1973 has traditionally been seen as heralding a major shift towards floating exchange rates, the extent of this transition away from fixed ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. Dan Drezner started a post with the Triffin dilemma, so I figure I too can digress ...

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 ...