The initial consensus that developing countries that are highly integrated with the ... Egypt had a pegged exchange rate until January 29, 2003, when it adopted a floating exchange rate regime.

formal evidence that pegged exchange rates impede—and floating exchange rates facilitate—external adjustment is surprisingly scant and contradictory. For example, in a large cross-country study, Chinn ...

Alfaro, Laura, and Sarah Jeong. "Floating the Exchange Rate: In Pursuit of the Chinese Dream." Harvard Business School Case 320-039, November 2019.

The Jamaica Agreement abolished gold as a reserve asset and formalised the floating exchange rate system that survives to this day. Countries around the world have since chosen their own method of ...

A country also needs a domestic anchor for its monetary policy. After trying a number of different approaches, we have now settled on a monetary policy framework based on inflation targeting and 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.