One of the most important decisions you make when taking out a loan is whether to choose a fixed or a floating interest rate. But each type has unique benefits and drawbacks that can influence ...

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, ...

During the past decade, many countries have changed their exchange rate regimes, moving from crisis-prone soft pegs to hard pegs or floating regimes. This trend is likely to continue, particularly ...

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 ...

This was down from 6.5 per US dollar at the start of the year, under the floating ... linked exchange system, which tied – or pegged – the currency to the US dollar at a fixed rate on October ...