This paper studies the empirical and theoretical association between the duration of a pegged exchange rate and the cost experienced upon exiting the regime. We confirm empirically that exits from ...

Exchange rates play a crucial role in the global economy, influencing trade, investment, and economic stability. Understanding the various measurements and regimes of exchange rates is essential for ...

Since there was a preponderance of pegged exchange rate regimes in the 1960s--when inflation rates were low--the association between low inflation and pegged rates might be more an artifact of the ...

Bank of Israel study on risk premium shows correlation to laxity of exchange rate regime The public's perception of risk in the shekel-dollar exchange rate has climbed in recent years, due in part to ...

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, ...

European Union (EU) accession countries have strong incentives to stabilize their exchange rates with respect to the euro as the nominal anchor. We present a microstructure model of the foreign ...

There are 13 countries in Central, Eastern and Southeastern Europe (CESEE) with floating exchange rate regimes, de jure. This paper uses the framework pioneered by Frankel and Wei (1994) and extended ...

Financial pundits are upbeat about the unification of dollar buying rates for banks and Bureau de Change (BDC) operators by the Central Bank of Nigeria (CBN). To them, it is a migration from the ...

The MAN DG added that the regime would engender competitiveness of Nigeria’s export and lead to improved market efficiency for effective foreign exchange access and rise in capital flows. Its Director ...

LONDON, March 15 (Reuters) - Tumbling commodity prices, slowing growth and gaping fiscal holes have forced many countries to loosen or scrap their currency pegs and pressure is mounting on those that ...

Vice-President Yemi Osinbajo has said Nigeria’s exchange rate regime remains a subject of concern which needs to be redressed. Osinbajo expressed this view in his address at the opening of the 28th ...

Argentina will have a floating exchange rate “pretty soon” as its current trading band widens, according to President Javier Milei’s deregulation czar. “The bands are opening up as we move along, ...