Sentence examples for fixed exchange rate from inspiring English sources

Both are fixed exchange rate systems that can turn a recession into a depression, because they make countercyclical policy impossible.

So this was a convertible, fixed exchange rate system.

"Sustaining a fixed exchange rate became impossible".

With a fixed exchange rate, monetary policy is the victim.

A fixed exchange rate is supposed to provide stability.

At a stroke the linchpin of the post-war fixed exchange rate system was removed.

Then governments had fixed exchange-rate pegs and large debts denominated in foreign currencies.

Most of them have floated their currencies, to avoid having to spend reserves defending fixed exchange-rate regimes.

In China, the currency is held steady by a Government-fixed exchange rate.

But Britain, unlike Mitterrand's France, is not in a fixed-exchange rate system.

Britain saw dangers in fixed exchange-rate schemes.