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ABSTRACT: In the last few years, a sharp increase in the price of gold has been observed. Since gold has numerous functions, it provides macroeconomic safety and also is used as a hedge against inflation. The purpose of this research is to examine the impact of some US macroeconomic variables such as the rate of inflation, the interest rate, the...
This study examines different theoretical perspectives in choosing exchange rate regimes as well as providing empirical evidence on the macroeconomic performance of each regime. A fixed exchange rate regime may have better performance for some countries, while a flexible exchange rate regime may be better for other countries. So it cannot be said t...