But because countries no longer are obligated to peg their exchange rates in a system overseen by the IMF, they need a sound basis for selecting the regime best suited to their needs—be it fixed, ...

Solid data were not yet available because the floating rate had only recently replaced the managed exchange rate. So we used some back-of-the-envelope calculations. We assumed a pass-through ...

A new floating exchange rate will begin to operate without intervention from the central bank as long as the price remains below 1,400 pesos per dollar. “The measures are very disruptive and ...

This was down from 6.5 per US dollar at the start of the year, under the floating exchange rate system. Shops began to quote prices in US dollars and refused to accept Hong Kong dollar notes.

Alfaro, Laura, and Sarah Jeong. "Floating the Exchange Rate: In Pursuit of the Chinese Dream." Harvard Business School Case 320-039, November 2019.