Foreign exchange reserves are important in helping to support a country’s monetary system and exchange rate. Reserves can also be maintained as a means of demonstrating a country’s ability to ...

The results suggest that a shift towards greater exchange rate flexibility often coincides with a decline in external FX debt. The findings also highlight the importance of using complementary ...

Allowing a greater role for market forces within the existing regime, and greater two-way flexibility of the exchange rate, are important steps to build on the progress already made. This should be ...