Discover how clean float exchange rates work, their benefits, and limits. Learn how supply and demand shape currency value without government interference.

Since the currency crises of the 1990s, economists have devoted a great deal of effort to empirical and theoretical studies of exchange rate regimes in developing countries. The initial consensus that ...

Exchange rates play a crucial role in the global economy, influencing trade, investment, and economic stability. Understanding the various measurements and regimes of exchange rates is essential for ...

3.2. Average Annual Inflation and Real Per Capita GDP Growth: Comparison of Dual (or Multiple) and Unified Exchange Rate Systems, 1970–99 3.3. Average Annual Inflation Rates Across Exchange Rate ...

The foreign exchange rate, often abbreviated as “forex” or “F.X.,” is a fundamental concept in international finance and trade. It plays a pivotal role in the global economy and impacts individuals, ...

International remittance is very important in connecting people and businesses across borders. It is through international remittance platforms that transacting across cross border remittance is ...

On July 21, 2005, after more than a decade of strictly pegging the renminbi to the U.S. dollar at an exchange rate of 8.28, the People’s Bank of China (PBOC 2005a) announced a revaluation of the ...

Financial pundits are upbeat about the unification of dollar buying rates for banks and Bureau de Change (BDC) operators by the Central Bank of Nigeria (CBN). To them, it is a migration from the ...

Buhari’s re-election in Nigeria and the imminent end of Emefiele’s term at the central bank creates a window of opportunity to end the dual exchange system — will Nigeria take it? Charles Robertson, ...