Discover how a nation's balance of payments can affect its currency's exchange rate and the dynamics of its relationship in international financial markets.

Cross-border payments are changing: existing intermediaries are upgrading their networks and new platforms based on novel digital forms of money are being explored, even as geoeconomic fragmentation ...

The IMF’s “message” is that the widening of the U.S. deficit and the Chinese surplus over the course of 2024 was unwelcome—it took both countries away from their estimated current account balances (in ...

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that ...

Nigeria’s external sector is experiencing a notable turnaround, underpinned by a series of strategic reforms in the financial and macroeconomic landscape. Data from the Central Bank of Nigeria (CBN) ...