Jordan, a small open economy, has had a fixed peg to the dollar since 1996 ... because real shocks were relatively manageable and macroeconomic policies were generally consistent with the choice of ...

But there is also evidence of causality in the other direction: countries that choose fixed exchange rates achieve lower inflation. There is also a link, albeit weaker, between the exchange rate ...

Today’s system of exchange rates act as the lynchpin of the age of globalisation, but the road to that system has been tumultuous, shaped by a series of mistrials In 1944, a mechanism for fixed ...