Etiqueta: Gilda Fernandez

Moving To A Flexible Exchange Rate

Moving To A Flexible Exchange Rate

A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetary independence. Other countries have made the transition under disorderly conditions, with the sharp depreciation of their currency during a crisis. Regardless of the reason for adopting a flexible exchange rate, a successful transition… Leer Más