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Preferred term

managed float regime  

Definition

  • The current worldwide financial environment is called a managed (or dirty) float regime. With national and regional economies increasingly intertwined, currencies are almost universally managed by central authorities: While exchange rates fluctuate daily, central banks or other institutions buy and sell currencies in order to influence their value. [Source: Encyclopedia of Business in Today's World; Managed Float Regime]

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URI

https://concepts.sagepub.com/social-science/concept/managed_float_regime

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