Many of these changes consisted of the abandonment of a pegged exchange rate in favour of a more flexible exchange regime.

这些变革中很多就是放弃挂钩汇率，采用更为灵活的汇率制度。

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There are two broad types of exchange rate regimes: the Fixed exchange rate regime and the Flexible (Floating) Exchanges rate regime.

汇率制度可以分为两种类型：固定汇率制度和浮动汇率制度。然而实际上存在着多种不同的中间状态的汇率制度。

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One of the most debated issues in international economics concerns the choice ofexchange rate regime and the 'pros' and 'cons' of fixed versus flexible or floating exchange rates.

在国际经济事物中最具争议的问题之一是关于选择多种交换的汇率制度以及优点可缺点混杂的固定与灵活的浮动汇率。

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The Chinese authorities have substantially reduced the level of official intervention in exchange markets since the third quarter of 2011, and China has taken a series of steps to liberalize controls on capital movements, as part of a broader plan to move to a more flexible exchange rate regime.

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Milton Friedman and others reminded us decades ago that such internal adjustments necessary to reverse an external deficit were ultimately the same under a gold standard, flexible exchange rates, or some hybrid exchange rate regime.

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