Nearly two years after the onset of the financial crises, many central banks have brought their policy interest rates down to, or close to zero. Various governments have seen their budget deficits soar. Both policies have affected exchange rates, partly through market expectations. With a majority of exchange rates officially floating, exchange rate movements do not necessarily reflect official decisions as was the case in the 1930s. Yet, also in...
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INFORMATION
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2009/09/01
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Document de travail de recherche sur les politiques
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WPS5059
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1
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1
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2010/07/01
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Disclosed
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Exchange rates during the crisis
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banking systems