What's it: Dollarization means adopting the U.S. dollar as currency and unit of account by countries other than the United States. The term also
Exchange Rate Regime
Pure Floating Exchange Rate System: Pros and Cons
What's it: A pure floating exchange rate system is a system of exchange rates in which domestic currency's value against a foreign currency
Exchange Rate System: Types and Concept
The exchange rate system is defined as the policy framework adopted by a country to manage its currency exchange rates. The two main types of systems
Fixed Exchange Rate: Factors, Impacts, Advantages, Disadvantages
A fixed exchange rate is an exchange rate system in which domestic currency is pegged to other currencies or gold prices. For instance, the rupiah