Industrial countries—with the notable exception of EMS members in their arrangements with each other—have traditionally favored more flexible exchange rate arrangements in the post-Bretton Woods era, ...

However, today I would like to examine a somewhat different issue, one that is at the other end of the spectrum; namely, How is the international system of flexible exchange rates working these days?

In light of these changes, should they also consider making their exchange rate policies more flexible? At present, exchange rate regimes in the region include a currency board (Djibouti), variants of ...

On the other hand, the central bank has also decided to make the exchange rate of the dollar more market-oriented. From January 12 onwards it will announce a daily benchmark reference exchange rate.

After a nudge from the International Monetary Fund, the central bank ditched the crawling peg exchange rate regime for a more flexible approach. It may sound promising. Not quite. For all latest ...