The foreign exchange market seeks to use a market-based mechanism to discover a price for a currency. But, this price discovery mechanism is hampered by a variety of externalities, chief of which is the different intermediaries involved in the trading and clearing of a currency. Such...

Inflation is trending high in many advanced economies around the world after economic re-opening from the recent lockdowns in the COVID-19 pandemic. One possible reason could be due to import of inflation caused by rising prices of commodity and essential items around the world due to lack of...