You live in an economy with a fixed exchange rate currency.

However, after the financial crisis of 2001, the fixed exchange rate system was abandoned.

What this really means is a fixed exchange rate system without capital controls.

A currency board works to maintain a fixed exchange rate.

Now, these problems with a rigidly fixed exchange rate are not news.

The great depression in America happened at a time when it had a fixed exchange rate with the gold standard.

In the 19th century it occurred under the fixed exchange rates of the gold standard.

With a fixed exchange rate, has not this country badly lost competitiveness?

This policy is based on maintaining a fixed exchange rate with a foreign currency.

Due to a fixed exchange rate, the only way to affect the demand for gold was through interest rates.

In that case, Europe would probably have difficulty maintaining its system of fixed exchange rates.

The extra competitiveness from what is effectively a fixed exchange rate has been particularly great for China.

A fixed exchange rate system works only if the anchor currency is stable.

Is there really a good case for returning to fixed exchange rates after this country's unhappy experience from 1949 to the early 1970s?

A fixed exchange rate regime should be viewed as a tool in capital control.

No wonder there is a new move afoot to return to fixed exchange rates.

Fixed exchange rates were incompatible with free flows of capital.

Currency board arrangements are the most widespread means of fixed exchange rates.

European Community countries have linked their currencies in a system of fixed exchange rates.

Under fixed exchange rates, governments are not usually free to employ monetary policy.

In any case, there is no compelling evidence that trade liberalization requires fixed exchange rates.

The board would set a fixed exchange rate for the currency and forbid the national bank to print any more money.

A system based on a currency board goes one step further than a system of fixed exchange rates.

The attainment of fixed exchange rates would prove highly attractive.

We've seen the devastation fixed exchange rates systems cause.