Exchange rate communication in practice: Evidence from two decades of ECB press conferences

Evidence is mixed on whether central banks can influence exchange rates simply by talking about them. This column explores this question by analysing more than

Drivers of international primary income balances

Financial globalisation since the 1990s has led to large holdings of cross-border assets and liabilities in many countries. This column analyses the yields on assets

Rethinking exchange rate flexibility in the post-Bretton Woods era: Evidence from a new index

The collapse of the Bretton Woods system has traditionally been cited as heralding a major shift towards floating exchange rates. The extent of this transition