The exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central com

Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over tim

This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium

This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several yea

The paper explores the pattern of transition of the Vietnamese economy, the policies that were applied, and the reasons for the country's success. In particular