An exchange rate regime where a currency's value is allowed to fluctuate in response to foreign exchange market mechanisms with occasional government intervention.
Limits to variations in exchange rates when a country commits itself to hold the exchange rate between its own currency and some foreign currency or currencies within a limited band.
An exploration of the macroeconomic trilemma, balancing exchange rate stability, monetary policy independence, and capital market openness in an open economy.
A system under which a country’s exchange rate is not pegged, but the monetary authorities manage it through market interventions and macroeconomic policies.
A detailed examination of the term 'Rate of Exchange' in economic context, including definitions, historical background, and relevant analytical frameworks.
The real effective exchange rate (REER) is the exchange rate of a country’s currency against a weighted combination of other currencies, adjusted for relative consumer prices, and reflects the overall competitiveness of the country.