Most emerging capital markets in recent years adopted a system that narrowly pegs their currencies’ exchange rates to the U.S. dollar. While such a system has a number of advantages, it makes a country vulnerable to shocks in mobile international capital markets and can lead to reactive...

The progressive globalization of markets has sparked a worldwide interest in using economic indicators to analyze cyclical fluctuations. Governments and the private sector seeking to conduct their activities in light of both national and international economic conditions could benefit from...