Lachman pushes for a floating exchange rate in theGulf countries.

The Fed should use reflation to stabalize the housing market.

This Letter to the Editor contests the opinion that emerging-market economies should adopt internationally accepted currencies, such as the US dollar or the euro.

China's stubborn resistance to currency appreciation might have more to do with its political elite's desire not to rock the boat and to remain in power.

The U.S. economic recovery is facing a number of strong headwinds that make a relapse into recession all too likely, including the appalling state of the U.S. labor market, the ongoing foreclosure crisis, prospective cuts in government spending, and more.

Another year of dollar pegging will mean a U.S. current account deficit of over $700 billion and a negative U.S. saving rate.

The merits of fixed versus flexible exchange rates and whether the recent shift in U.S. and other official views on exchange rate regimes is appropriate.

In Argentina, anappreciating currency can help to reduce inflation without compromising a country's long-term growth prospects.