Discover how clean float exchange rates work, their benefits, and limits. Learn how supply and demand shape currency value without government interference.

Growing remittance flows to emerging and developing economies may lead to real exchange rate appreciation and weaken their competitiveness. While the empirical literature finds mixed results about the ...

This paper addresses a key puzzle in international finance: whether exchange rates follow a random walk or exhibit predictable patterns. We demonstrate that exchange rates can possess a unit root ...

Bank of Zambia Governor Dr Denny Kalyalya said the kwacha appreciated by 4.1 percent in the final quarter of 2025, attributing the movement ...