Sentence examples for rigid exchange from inspiring English sources

This is because it exhibits exactly the sort of rigidities that have proved so damaging elsewhere in Asia: a rigid exchange rate, and a rigid political system.

If there is one clear lesson from history, it is that the combination of open financial markets and a rigid exchange rate is a disaster waiting to happen.

But as those rigid exchange rates require high interest rates, they impose a heavy penalty on growth.Partly for that reason, Mexico may be the big Latin country best-placed to ride out the turbulence.

This stokes inflationary pressures in America and Europe and makes life difficult for rich-country central banks.Loose money in America and rigid exchange rates in emerging economies are a perilous mix.

Disagreements over China's rigid exchange rate and signs of protectionism in both countries have exacerbated strains.In this section Not exactly eye to eye Walking between the raindrops Hitting where it hurts Restoration drama You couldn't make it up First Facebook, then the world Picking up the pieces ReprintsIn recent weeks China has been trying to show that it still values the relationship.

The key point, which I've finally taken fully on board, is that in addition to the huge problems of adjustment created by a rigid exchange rate in the aftermath of a bubble, the fact that European nations no longer have their own currencies leaves them vulnerable to self-fulfilling debt crises – in effect bank runs on governments rather than banks (although those too).

The distortions caused by today's rigid exchange-rate regime may themselves be the biggest threat to Chinese financial stability.

The dollar peg has made it hard to curb inflation, especially in fast-growing oil economies, whereas a less rigid exchange-rate regime say, a peg with a basket of currencies may allow a more flexible interest-rate policy.

But banks' deposits at the PBOC are already much larger than the required ratio, so an increase does little to constrain their ability to lend.China's monetary policy is also constrained by its rigid exchange-rate regime.

Surely they are: (a) there are limits to how much you can plug up capital markets as economies become more financially sophisticated, and (b) overly rigid exchange-rate regimes are a recipe for disaster, setting up one-way bets for speculators.

On the one hand, the authorities today have arguably more flexible monetary policy frameworks, thanks particularly to a less rigid global exchange rate regime.