Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate The paper examines the role of credibility in the conduct of exchange rate ...

and are published to elicit comments and to further debate We examine the implications of high degrees of dollarization for the choice of exchange rate regime and the information content of various ...

SchrØder, M. (2013): “Should Developing Countries Undervalue Their Currencies?,” Journal of Development Economics, 105, 140-151. Shambaugh, J. C. (2004): “The Effect of Fixed Exchange Rates on ...

The IMF became operational, acting as a supranational body to promote global monetary cooperation and provide loans to developing ... exchange rate system that survives to this day. Countries around ...

Investopedia / Madelyn Goodnight The Bretton Woods agreement established a new international monetary system in 1944, with gold as the basis for the U.S. dollar and fixed exchange rates.