Every few months, headlines announce that countries want to “move away from the dollar.” India settles a shipment in rupees, African economies test regional payment systems, and the BRICS group ...
Many economists argue that a flexible exchange rate regime is preferable to a fixed exchange rate regime because it helps to insulate the domestic economy from adverse external shocks. For example, ...
The Economic Issues series was inaugurated in September 1996. Its aim is to make some of the economic research being produced in the International Monetary Fund on topical issues accessible to a broad ...
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