This paper studies how dollar stablecoins affect parallel foreign-exchange markets in economies with fixed or heavily managed exchange rates. When foreign currency is rationed, the true degree of ...
An IMF paper says dollar stablecoins can improve FX access but may amplify currency runs by giving markets a widely watched ...
IMF Article IV requires that the IMF exercise “firm surveillance” over the exchange rate policies of members. After the collapse of the Bretton Woods fixed exchange rate system, the IMF in 1977 ...
An IMF study finds that stronger fiscal rules, credible inflation targeting, and more flexible exchange-rate regimes can ...
Just how is the continuation of Saudi Arabia’s dollar peg consistent with the IMF’s long-term expectations for oil prices ($40-55 a barrel?) and the dollar (tend to depreciate over time)? And why does ...
This paper estimates the strength of monetary policy transmission to bank lending and deposit rates in Namibia under a pegged exchange rate regime. Using local projections, it quantifies the ...
The International Monetary Fund (IMF) has acknowledged the positive impact of the Central Bank of Nigeria (CBN)-led economic reforms in Nigeria. The declining inflation rate, naira stability, rising ...