Implicit in the notion that a gold-defined dollar would bring about fiscal discipline is the odd view suggesting a floating dollar lacking a golden anchor enables more government borrowing.

Since 1971, the dollar and other major currencies have been disconnected, with different rates of interest and inflation, and allowed to fluctuate relative to each other. Supporters of floating ...

Then each entity makes interest payments on the currency they received, with rates that can be fixed or floating. Let's say a German company needs to borrow U.S. dollars to pay for building a ...

This was down from 6.5 per US dollar at the start of the year, under the floating exchange rate system. Shops began to quote prices in US dollars and refused to accept Hong Kong dollar notes.