One of the largest financial markets in the world is the “global foreign exchange market” with average daily trades in trillions of dollars. The forex market is the backbone of international trade, global investing and is critical to support imports and exports. The exchange rate is one of...

In this paper we discuss some features of the balance of payments position of the country that issues the key currency under different international monetary standards. The analysis takes a Sraffian 'standpoint', where the monetary rate of interest of the central country is seen as an...

This study is an attempt to understand the dynamics of Indian Rupee fluctuations against US Dollar using yearly observations over the period of 13 years from 2001 to September 2013. In this paper, evolution of exchange rate mechanism from fixed to hybrid exchange rate system in context of India...

This paper studies the role of exchange rates and dollar invoicing in driving the dynamics of international trade flows. It uses a granular decomposition of trade flows at the bilateral level to highlight a bifurcation, whereby in response to a rise in US interest rates, final goods trade...

Although the worldwide growth in dollarization of bank deposits has recently slowed, it has already reached very high levels in dozens of countries. Building on earlier findings that allowed the main cross-country variations in the share of dollars to be explained in terms of national policies...