…floating and virtually everything in between. While many countries do not intervene in the currency markets, others do, so there is a case for a reserve currency. But perhaps more…

…But there are several disturbing aspects of a dependence on a currency depreciation to increase output (see also here). First, there is an adverse impact on domestic firms with liabilities…

…have developed with the Chinese economy, China no longer is keeping its currency artificially low and is instead actually trying to raise the value of its currency. Trump’s claim is…

…Federal Reserve organized currency swap networks with its counterparts in countries where domestic banks had participated in the MBS markets, as well as several emerging market economies (Brazil, Mexico, South…

Will Libra Destroy Cryptocurrenciees Or Vice Versa? Yesterday, Facebook released a White Paper on their planned supposed cryptocurrency, Libra, which has apparently long been under development. This triggered two stories…

…presciently on optimal currency areas, also thinking about the curious dispersion of Canada’a population across contrasting geographical zones while mostly being very close to the US border. He emphsized the…

…attract capital from foreign investors looking for higher yields, which strengthens the currency. An appreciating currency keeps down import prices and inflation in check. Jasper Hoek and Emre Yoldas of…

…that the Russian currency was completely worthless. The next day, she apologized and explained that the Ruble had lost 50% of its value, not 100%, which was only slightly less…

…will be hard to convert to foreign currency if potential buyers are concerned about retaliatory sanctions. The loss of access deprives the Russian central bank of foreign currency that could…

…of the financial collapse. The Federal Reserve, however, established currency swap lines with the central banks of other advanced economies as well as those of four emerging markets: Brazil, South…