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 ...

An increase in a country’s interest rates ... The U.K In 1990, the U.K. joined the EU's Exchange Rate Mechanism (ERM), which allowed its currency to be fixed against other European currencies ...

In terms of their impact on the international trading and monetary system, Donald Trump’s reciprocal tariffs are comparable to Richard Nixon’s 1971 dollar devaluation and Paul Volcker’s 1980s' interes ...