The MAN DG added that the regime would engender competitiveness of Nigeria’s export and lead to improved market efficiency for effective foreign exchange access and rise in capital flows. Its Director ...

In recent years developing and transition countries have tended to move away from adjustable-peg regimes to more flexible regimes or toward hard pegs. The literature has identified this phenomenon as ...

Nigeria, one of Africa’s largest economies, has a long-standing history of grappling with currency stability and foreign exchange challenges. Over the years, the government has employed various ...

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 peso strengthened nearly 14% in 2025, its best year since Mexico abandoned a fixed exchange rate over 30 years ago.

Recent bouts of currency volatility in the developing world have prompted Pacific Investment Management Co., one of the largest emerging-market investors, to question the efficacy of a floating ...

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 ...

The Bank of Russia switched to the floating exchange rate regime in November 2014 MOSCOW, August 29. /TASS/. Despite limited movement of capital, the ruble’s exchange rate remains floating, the Bank ...

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 ...

This Economic Letter is based on a presentation Mark Spiegel prepared for a panel on “Optimal Currency Arrangements for Emerging Market Economies: The Experience of Latin America and Asia,” organized ...

Increased intracontinental trade in Africa is a laudable objective, but may serve to highlight disparities in exchange-rate regimes that could further widen the gap between winners and losers. Since ...