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 ...

The PBOC operates under a managed floating exchange rate system, which allows the yuan's value to fluctuate within a 2% band around a central reference rate, or midpoint. This method is designed to ...

The financial crisis that erupted in Asia in 1997 quickly spread to other developing regions, as international investors panicked and pulled their capital out. In this article, the governor of ...