Exchange Rates

What drives the investment decisions of investors with a longer time horizon? Our research found these investors generally do not look at differences in interest rates among countries when deciding where to invest.

Much of the debate over global rebalancing has focused on the U.S.-China trade imbalance. But that's missing the bigger picture.

WASHINGTON — The New York Federal Reserve Bank confirmed that it intervened in currency markets on Friday for the first time in more than a decade. ...

Reform of the international monetary system is wide-ranging and complex. Global debate is only just starting. But we must all recognize that this is not something academic or abstract. We need concrete ideas.

Fixed exchange rates are quite likely America's best bet to avoid being victimized by exchange-rate manipulation on the part of other nations.

In our highly globalized economy, large and rapid flows of money across borders are here to stay. The challenge for emerging economies is to find ways to manage these flows so that they don't exacerbate boom-bust cycles.

In the latest example that the U.S. dollar ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency...