Countries around the world historically used the Gold
standard (1890-1914), which, however, was changed to fixed
exchange rate system through Bretton Woods since the WWII. The
Bretton Woods System collapsed and most countries
around the world today use either a clean float or
dirty float as an exchange rate system. While
removing FX controls and increasing economic integration enable
investors to roam around the world, this also means that investors
and countries face diverse challenges, risks and uncertainties,
which they...