A lesson in honor of Nobel laureate Robert Mundell’s 85th birthday. As the world struggles with “mysterious” long-term financial instability and economic weakness, perhaps it’s time to reconsider the ...

This collection of essays came out of a conference that coincided with the 50th anniversary of the final collapse of the Bretton Woods system of pegged but adjustable exchange rates. This collapse, ...

Purchase or sale of the currencies of other nations by a central bank for the purpose of influencing foreign exchange rates or maintaining orderly foreign exchange markets. Also called ...

BRASILIA (Reuters) - China remains on course to gradually put in place a managed floating exchange rate system, President Hu Jintao said in a speech released on Friday amid pressure on Beijing to let ...

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 ...

Put simply, exchange rates compare the value of one currency to another. They measure how much of one currency it takes to purchase a unit of another. Exchange rates are ultimately determined in ...

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 ...

The move, which economists deem positive, is a prelude to needed monetary reform. When Bola Tinubu was inaugurated as president of Nigeria on May 29, he noted that the country’s monetary policy needed ...

For most major economies, the floating exchange rate system is the norm, meaning the currency's value is allowed to fluctuate in accordance with the foreign-exchange market. Currency rates are ...

Today’s economic reality includes a world of free-floating fiat currencies, where the value of a nation’s currency is determined by supply and demand in the global foreign exchange or forex market.

Charles Robertson, global chief economist at Renaissance Capital in London, believes that Nigeria is preparing to unify its exchange-rate system this year. “The gains of the dual exchange-rate system ...