Example sentences of "flexible exchange rate " in BNC.
Next page| No | Sentence |
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| 1 | A flexible exchange rate system leaves demand for and supply of bank deposits ( claims ) in a particular currency in the market to fix its external value ( price ) in relation to other currencies . |
| 2 | Fluctuating or flexible exchange rates have , perhaps , unsettled financial markets and contributed to world trade and investment problems . |
| 3 | It is for this reason that many countries , including the UK , have adopted more flexible exchange rates . |
| 4 | With flexible exchange rates , any tendency towards a deficit on the UK balance of payments ( which would imply an excess supply of pounds on the foreign exchange market ) will cause sterling to depreciate in value against other currencies . |
| 5 | Flexible exchange rates may encourage destabilising speculation . |
| 6 | It is clear that countries with fixed exchange rates and those with flexible exchange rates face difficulties when they experience inflation rates higher than those of their major trading partners . |
| 7 | In fact , there is little doubt that the ‘ hard ’ ERM — in which there is never a realignment — will now revert to its old status of being a system of fixed but flexible exchange rates , and that the process to monetary union will be slower and more gradual than envisaged by Maastricht . |
| 8 | Table 8.1 revealed the extent to which flexible exchange rates have been adopted . |
| 9 | Whereas conventional economic theory predicted that a change to flexible exchange rates would eliminate financial crises and allow markets to ease and soften adjustment to change , the opposite happened . |
| 10 | The ensuing behaviour of exchange rates sharply contradicted the predictions of those who argued in favour of flexible exchange rates . |
| 11 | An illustration of the economic damage that flexible exchange rates can inflict is provided by the experience of the UK during 1979 – 81 . |
| 12 | The experience of the 1970s , further , demonstrated that the principal argument in favour of flexible exchange rates was ill-founded . |
| 13 | The creation of the system was interpreted by Bilson [ 1979 ] as : " … the first step back from the rugged individualism and national self-interest that lay behind the formal acceptance of flexible exchange rates at the Jamaica meetings of the International Monetary Fund in January 1976 . " |
| 14 | Indeed , the UK experiment with the naive version of Friedmanite monetarism casts serious doubts on whether in fact a country can control its money supply growth rate , even under flexible exchange rates . |