Chapter 2: Exchange Rates and External Adjustment There is an ongoing debate about the role of exchange rates in facilitating external adjustment. This chapter explores how certain aspects of ...

Does the center country of the International Monetary System enjoy an "exorbitant privilege" that significantly weakens its external constraint as has been asserted in some European quarters? Using a ...

We test the hypothesis that net foreign asset positions are consistent with external solvency and examine the dynamics of external adjustment using data for 50 countries over the 1970-2006 period. Our ...

My system is macOS 15.0, and the application version is 1.28.2 (free edition). I have an external monitor connected to my computer. When I use battery discharge mode, I am unable to adjust the ...