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News and Articles on Floating Exchange Rate System
Too much of a good thing May 25, 2007
After all, it is virtually impossible to have a completely stable exchange rate with an open capital account and a floating exchange rate system. Put another way, the central bank is managing the exchange rate with the primary objective of low inflation because exchange rate movement directly influences inflation through import prices. (Jakarta Post, Indonesia -- Editorial)
* China to maintain stable yuan, keep firm lid on growth Apr 3, 2007
"We will further improve the managed floating exchange rate system to make market demand-and-supply play a fundamental role in the yuan exchange rate formation and keep the yuan exchange rate basically stable at a reasonable and balanced level," it said. The central bank made no specific references to future policy actions, saying only that it would "reasonably control the growth of investment" and "reasonably control the growth of money and credit.". (Taipei Times, Taiwan -- World)
Press Release: IMF Executive Board Completes Third Review of So Tom and Prncipe's Three - Year PRGF Arrangement and Approves US$600,000 Disbursement Jan 18, 2007
"The central bank is making a more proactive use of monetary policy instruments to help reduce inflation. The resumption of regular foreign exchange auctions, the issuance of certificates of deposits, and the commitment to adhering strictly to its base money and net international reserves targets are commendable. It will be important to act promptly to mop up liquidity as needed. "S;o Tom; and Pr;ncipe's managed floating exchange rate system has helped cushion against external shocks as the... (IMF News)
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