An overview of convertible currency and its economic implications.
An overview of the economic term 'monetary union', including meaning, history, and key concepts.
An in-depth exploration of the concept of floating exchange rate in economics, including its different forms, analytical frameworks, historical context, and comparative analysis.
A system where countries stabilize their exchange rates around par values with the right to change these values when necessary.
Big Mac Index, a measure introduced by The Economist in 1986, compares exchange rates to the cost of a Big Mac in different countries, illustrating purchasing power parity theory.
An economic concept that ensures the equality of returns on investments in different currencies when adjusted for forward exchange rates, preventing arbitrage opportunities.
A form of a fixed exchange rate regime with controlled rate changes rather than fixed levels.
An aim of economic policy encompassing objectives such as high employment levels, sustainable growth, and stable inflation rates.
A country's exchange rate calculated as a weighted average of its bilateral nominal exchange rates against other currencies.
The values of exchange rates under the gold standard at which it became profitable to ship gold from one country to another.
A comprehensive overview of the gold standard, its history, conceptual framework, and analytical implications in economics.
Examining the phenomenon of imported inflation and its impact on domestic price levels.
A comprehensive exploration of the international monetary system, detailing its structure, functioning, and significant components.
An agreement reached in February 1987 between the G6 industrial countries concerning exchange rates stabilization.
A system in which a country’s currency has more than one exchange rate depending on various factors such as the holder of the currency or the purpose of use.
A comprehensive understanding of Purchasing Power Parity (PPP) in economics
A detailed examination of the realignment of exchange rates, including its historical application and impact within economic systems.
An agreement reached in 1971 attempting to restore a Bretton Woods-style system of pegged exchange rates.
Detailed entry on the definition, meaning, and historical context of the term 'Sterling' in economics.
A specified range within which a country seeks to maintain its exchange rate, either through strict or relaxed central bank intervention.
A relationship between domestic and foreign interest rates under the assumption that the forward currency market is not used to hedge exchange rate risk.
A detailed exploration of the concept of an under-valued currency, its consequences, causes, and related economic aspects.
