Educational: Exchange rate volatility and monetary policy
The global economy has witnessed great economic volatility in the first two decades of the 21st century, reflected in a pandemic, two major global recessions, wild gyrations in asset prices, and disruptions to international trade. It may therefore surprise readers that this era has also been a period of unusually stable exchange rates; that is, until the ...
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Apr 5, 2023, 2:08pm
Educational: Exchange rate volatility and monetary policy
The global economy has witnessed great economic volatility in the first two decades of the 21st century, reflected in a pandemic, two major global recessions, wild gyrations in asset prices, and disruptions to international trade. It may therefore surprise readers that this era has also been a period of unusually stable exchange rates; that is, until the ...
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