Discover how managed currencies work, the role of central banks, and the benefits of exchange rate management in stabilizing ...

The exchange rate of a nation's currency is one of the most important determinants of its state of economic health. Find out ...

While short-term movements can seem unpredictable, currency values are ultimately shaped by a set of underlying economic forces that interact continuously. Rather than moving for a single reason, ...

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that ...