fixed exchange rate

However, in the later part of the 20th century, some countries reverted to a fixed exchange rate as part of an attempt to control inflation.

In general, the record of fixed exchange rate regimes, at least in this century, has not been wholly impressive.

the long-term economics is an issue of dispute : whether it is superior to a fixed exchange rate floating exchange rate?

China's current inflation is a textbook case of prolonged undervaluation of a fixed exchange rate in tandem with export-led growth.

The principal measure taken were to move the ringgit from a free float to a fixed exchange rate regime.

Another case of official intervention in defense of a fixed exchange rate is shown in Figure 3. 2B .

And, significantly, Brazil broke ranks at the weekend by declaring China's quasi-fixed exchange rate to be a problem.

Describe the situation of a speculative crisis against a fixed exchange rate (take a financial crisis as an example).

Specifically, if the central bank does not incur any intervention cost, then its optimal policy is to peg a fixed exchange rate.

A few years later, weakened by US fiscal profligacy, the Bretton Woods fixed exchange rate system anchored on the US currency collapsed.

If a country's fixed exchange rate led it into a balance of payments crisis, the IMF would bail it out and so avert devaluation.

He was the president who, 40 years ago, severed the link between global currencies and gold and ended the fixed-exchange-rate system.

The currency board guarantees full convertibility of the country's notes and coins into the reference currency at a fixed exchange rate.

In order to maintain a fixed exchange rate, will take direct control of a wide range of measures to limit the liberalization of the economy.

Illustrate the respective advantages and disadvantages of the flexible exchange rate system and the fixed exchange rate system.

The fixed exchange rate period, import and export enterprise's exchange rate risk is small, even can be neglected.

This flexibility is of course limited , and rightly so, because we are operating a fixed - exchange - rate system .

Moreover, the mechanism for maintaining that fixed exchange rate - through currency board arrangements - is most robust.

But China has defied this system by clinging to a more or less fixed exchange rate.

This process helps explain why equity and house prices reached peaks in recent years that were unknown under fixed exchange-rate systems.

The thing that the authors put most emphasis on is the role of surplus countries in fixed exchange-rate schemes.

Fixed Exchange Rate A currency exchange rate set and maintained by a government or central bank.

So, too, did the collapse of the fixed exchange rate regime in 1971 and move to free floating, which preceded the price surge.

Suggest that United States issue a kind of treasury bond of fixed exchange rate through bilateral or multi-lateral negotiations.

To solve this problem, a kind of treasury bond of fixed exchange rate could be issued through bilateral or multi-lateral negotiations.

There are two broad types of exchange rate regimes: the Fixed Exchange Rate Regime and the Flexible (Floating) Exchanges Rate Regime.

US dollar-centered fixed exchange rate system was established finally.

Second, China's fixed exchange rate makes it hard to keep credit growth under control.

Under the gold standard, the need to maintain a fixed exchange rate among currencies forces countries to adopt similar monetary policies.

When you have a fixed exchange rate, then monetary policy does not have a great deal of influence on domestic economic activity.

and second, convertibility between the monetary base and the reserve currency at the fixed exchange rate (i. e. $7. 80 = US$1).

There were no international complaints about China's fixed-exchange rate policy until the second half of 2003.

China's trade surplus, combined with the fixed exchange rate, does cause problems for the People's Bank of China.

What now for the most prominent critics of China's fixed exchange rate ?

Britain saw dangers in fixed exchange-rate schemes.

These in turn are a necessary feature of China's fixed exchange rate policy, which is not going to change any time soon.

However, all these good expectations are based on a hypothetical fixed exchange rate of RMB.

One is that maintaining a fixed exchange rate in the midst of a slump is suicidal.

The yuan has increased in value by 18 percent since Beijing ended its fixed exchange rate with the dollar in 2005.

Many have questioned the need for us to maintain a fixed exchange rate policy.

Before 1970, Taiwan carried out fixed exchange rate system.

For example, Maurice Obstfeld famously demonstrated how self-fulfilling investor expectations can bring down a fixed exchange rate.

Suppose a small open economy follows a fixed exchange rate policy (Latvia for example).

Mr. Greenwood is the London-based chief economist at Invesco and was the architect of Hong Kong's fixed exchange-rate peg in 1983.

Optimists hope Latvia will be like Hong Kong, another flexible economy with a fixed exchange rate.

For them, the Hong Kong dollar has always been linked to the US dollar at the fixed exchange rate of 7. 80.

A Theoretical Study and Realistic Analysis of Fixed Exchange Rate Regime and Monetary Policy Validity

Conflict between Fixed Exchange Rate Regime and Monetary Aggregate Target System

Choice of monetary policy framework after retreating from fixed exchange rate anchor

Speculative Attacks and Abandonment of Fixed Exchange-rate Regime

Analysis of monetary policy effect under fixed exchange rate system

Views on the transfer of exchange rate regine: from fixed exchange rate to floating on

On Building A Fixed Exchange Rate Area in East Asia: Scheme and Commentary

Sunk-cost Model under the Fixed Exchange Rate System