Interest rate swaps are financial contracts that allow two parties to trade future cash flows from interest-bearing financial ...

This discussion is based on the theory of optimal currency areas, which stipulates that real shocks (for example, terms of trade shocks) are better accommodated through flexible exchange rates, and ...

There is no greater turmoil in the “Seely household” than when it comes to converting funds and trying to determine the ...

An interest rate swap is a contractual agreement between two parties agreeing to exchange cash flows of an underlying asset ...

The exchange rate of a floating currency is determined by supply and demand on the international currency exchange market known as the forex. Fixed exchange rates are pegged to another currency or ...

This brief considers the choice of an appropriate exchange rate regime—floating, managed or fixed arrangements—for individual countries in light of important changes that have taken place in the world ...

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 ...

Das said a stable exchange rate is a beacon of financial and overall macroeconomic stability and market confidence. The Reserve Bank of India (RBI) does not have any fixed dollar: rupee exchange ...