Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The pace of RMB appreciation against the dollar has picked up recently. China ...

China’s currency, the renminbi, is undervalued. Everyday evidence abounds: residents of Hong Kong, whose currency is tightly pegged to the US dollar, flock across the border to Shenzhen for weekends ...

Additionally, exchange-rate stability creates greater confidence for longer-term lending and makes currency risk hedging ...

An RBI announcement that henceforth it would maintain a stable real exchange rate would send the market signal for greater ...

What explains cross-national and temporal variations in migrant rights? This article argues that policymakers implement more exclusionary or inclusive policies toward migrants in response to ...

Was the recent decline in real interest rates driven by a diminishing natural real interest rate, or have we observed a long sequence of shocks that have pushed market rates below the equilibrium ...

After Japan’s bubble economy burst in the late 1980s and interest rates were subsequently slashed, carry trades and overseas investment boomed. As the Bank of Japan starts to raise Japan’s ...

This article is authored by Abhaya Abhayankar, former professor of finance, University of Exeter, UK and Atul Chaturvedi, ...

The domestic currency has weakened not only against the dollar, but also the euro, pound, yen and yuan. And low inflation has ...

Interest rates play a critical role in shaping the values of different currencies. Central banks worldwide utilize interest rates as a monetary policy tool to manage their economies, making it ...

Editor's note: This article was originally published on April 13, 2015 by Menzie Chinn here. One important factor in the growth prospects for the US economy is the trajectory of the dollar. [1] If the ...

In most countries the government sector is directly responsible for a large part of economic activity and, through its spending and resource mobilization, indirectly influences the way resources are ...