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.

Such fluctuations are inevitable in a floating exchange rate system.

Burma has a dual exchange rate system similar to Cuba.

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

This is how we have discussed matters since the establishment of the floating exchange rate system.

Although a number of the officials complained about the floating exchange rate system, they presented only a few ideas on how to improve it.

Under a floating exchange rate system, equilibrium would have been achieved at e.

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

The consequence was that a government had to choose between either fixed or fully floating exchange rate systems.

In a flexible exchange rate system, this is the spot rate.

But will a free-floating exchange rate system operate smoothly?

Gift cards have a different exchange rate system compared to other prizes, with a strict 1:1 ratio.

Britain and other community nations not belonging to the eight-nation linked exchange rate system would join.

They then disclosed the 5 percent devaluation of the Spanish peseta within the exchange rate system.

Brazil today, unlike three and a half years ago, has a flexible exchange rate system with an undervalued currency.

The relative balance of these factors has changed over time and is influenced by the type of exchange rate system in operation.

A multiple exchange rate system was to be retained until full international convertibility of the rouble.

This is to forget that, within a floating exchange rate system, the main currencies are always going to evolve in relation to each other.

Demand side fiscal policy would be ineffective in restraining central banks under a floating exchange rate system.

The end result was that Hong Kong adopted a linked exchange rate system.

They urged a return of the pound and the lira to the exchange rate system "as soon as possible."

Wider floating bands have allowed Europe's pegged exchange rate system to weather the storm.

Those problems arose from the fixed Bretton Woods exchange rate system.

Alternative exchange rate systems (or 'regimes', as they are called) are examined in Chapter 22.