Regular readers will know we’re generally not fans of emerging economies fixing the value of their currencies. Much better to let them float and adjust according to market sentiment than make them overvalued through rigid controls. The always-interesting Peterson Institute for International Economics has laid out the reasons why fixed exchange rates cause so much […]

Following major declines in the value of currencies in Angola, Egypt, Ghana, Nigeria, Zambia and Zimbabwe this year, August saw another two African currencies take a plunge. Both the Ethiopian birr and the South Sudanese pound effectively lost half their value against the euro over the course of August (see first table below). Accede al CONTENIDO completo […]