Linked from

The 18 pages that link to Floating exchange rate, each with the reason it gives.

• Bretton Woods systemCompared with: The regime that replaced Bretton Woods; many economists had predicted floating earlier.

• Capital controlsCompared with: A float can absorb external pressure that controls might otherwise suppress.

• DollarizationCompared with: Floating preserves a national currency and more monetary flexibility, unlike official dollarization.

• Fixed exchange rateCompared with: Unlike a fixed rate, a float can adjust without authorities defending a target.

• Currency pegCompared with: Unlike a peg, a float allows the exchange rate to adjust without defending a fixed target.

• Impossible trinityCompared with: Floating currencies allow monetary autonomy and capital mobility by giving up a fixed exchange-rate target.

• Foreign-exchange interventionCompared with: A float permits currency adjustment without a standing commitment to defend a particular rate.

• Hong Kong dollarCompared with: Hong Kong’s currency is constrained by a defined link rather than freely floating.

• European Monetary SystemCompared with: The EMS limited exchange-rate movement, unlike a freely floating currency regime.

• Nigerian nairaCompared with: Debates over naira valuation often turn on how freely its exchange rate should respond to market forces.

• Robert MundellCompared with: Floating rates provide the alternative to the fixed-rate regimes in Mundell’s policy comparisons.

• International financeCompared with: It contrasts with pegs by allowing currency prices to adjust more freely.