But because countries no longer are obligated to peg their exchange rates in a system overseen by the IMF, they need a sound basis for selecting the regime best suited to their needs—be it fixed, ...

In part, low inflation is associated with fixed exchange rates because countries with low inflation are better able to maintain an exchange rate peg. But there is also evidence of causality in the ...

The Jamaica Agreement abolished gold as a reserve asset and formalised the floating exchange rate system that survives to this day. Countries around the world have since chosen their own method of ...

SchrØder, M. (2013): “Should Developing Countries Undervalue Their Currencies?,” Journal of Development Economics, 105, 140-151. Shambaugh, J. C. (2004): “The Effect of Fixed Exchange Rates on ...