Choosing an FX regime

MARKET VOICE

With four currency crises in the past decade, and exchange rate volatility wrought by increased global capital flows, John Nugee, head of the Official Institutions Group at State Street Global Advisors in London, examines how countries can best ensure currency stability

The last decade or so has seen many developments in the world's capital markets. Increased cross-border investment and reduced barriers of entry to international capital markets have led to the globalisation of finance. Policy

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