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Question
Why is managed floating called dirty floating?
Why is managed floating called dirty floating?
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Solution
A dirty float happens when the public authority’s money-related principles or laws influence the valuation of its cash. Dirty or overseen floats are utilized when a nation builds up a cash band or money board. The objective of a dirty float is to keep cash volatility low and advance economic stability.
Also see: Managed Floating Exchange Rate System
A dirty float happens when the public authority’s money-related principles or laws influence the valuation of its cash. Dirty or overseen floats are utilized when a nation builds up a cash band or money board. The objective of a dirty float is to keep cash volatility low and advance economic stability.
Also see: Managed Floating Exchange Rate System
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