This account of exchange rates in the international monetary system considers the issues in international macroeconomics. Using theoretical models of internatio

The politics surrounding exchange rate policies in the global economy The exchange rate is the most important price in any economy, since it affects all other p

An analysis of the operation and consequences of exchange rate regimes in an era of increasing international interdependence. The exchange rate is sometimes cal

Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in

Prominent economists reconsider the fundamentals of economic policy for a post-crisis world. In 2011, the International Monetary Fund invited prominent economis