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The acting agriculture secretary, Charles F. Connor, is trying to negotiate a more flexible regime.
These economies differ hugely in structure and political system, and have applied quite different policies, from fairly heavy government intervention in South Korea, Indonesia and Malaysia to a more flexible regime in Hong Kong and, to some extent, Thailand.
Furthermore, a prominent role of exchange rate on interest rate is established where exchange rate depreciation in the flexible regime causes an increase in interest rates.
Moreover, a positive impact of this exchange rate on the interest rate, particularly under the flexible regime, supports the theoretical fact that a decrease in the exchange rate causes a rise in export, which in turn increases income.
Although since January 2001 Sri Lanka introduced an independent float regime, it is imperative to confirm whether the exchange rate in the flexible regime has any impact on interest rates when using quarterly time series.
Budget deficit as a percentage of GDP is used as the fiscal determinant, while a dummy variable Dt examines the impact of change in the exchange rate regime on the relation to be studied; its value is 0 for the fixed exchange rate regime and 1 for flexible regime.
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While many governments are committed to maintaining flexible regimes for fast-moving Internet technologies, some others have been quite explicit about their desire to put a single U.N. or other intergovernmental body in control of the Net.
In this regard, Broda (2004) has found that terms-of-trade changes are larger in flexible regimes (floats) than in fixed regimes (pegs).
Like many others, the company operates a flexible working regime, meaning it relies on casual employment or so-called "junk contracts".
The question then is whether the increased costs posed by a higher inflation rate are outweighed by the benefit of a more flexible monetary regime.
Mr. Zhu has told foreign guests in the past that China should move toward a more flexible currency regime and allow the yuan to float, but he has taken no steps in that direction recently.
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