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The crises of the 1990s did, however, tend to have one thing in common: they all had some kind of fixed exchange rate, often a fixed peg or link to another currency, usually the dollar, or an exchange-rate band, again usually linked to the dollar.
ECONOMIST: Spoilt for choice | The
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Although the IMF says it is budgetary concerns which led it to delay giving Argentina the cash it was hoping for, some economists suspect that the IMF now believes that Argentina's currency board, which enshrines the fixed-parity link between the peso and the dollar in law, has become unsustainable.
ECONOMIST: Struggling on | The
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They referred to the fact that this link was fixed only in the preamble of the document.
CENTERFORSECURITYPOLICY: Center for Security Policy | Mapping a National Security Failure: Ratification of the New START Treaty | Page: 14
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Why then does he expect a system of fixed exchange rates absent at least one link to gold somewhere in the system would be anymore stable or durable?
FORBES: Mundell's Dollar/Euro Fix Doesn't Fix Our Currency Mess
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As on Houston InterWeb Design's AMP3.com MP3 Web site (see link below) the musicians will receive a fixed royalty for every download of their music as well as a split of the advertising revenue on the site.
CNN: Gov't-approved MP3 site to launch in China
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In most cases, the extent to which one subscriber uses a fixed connection has little impact on other customers, since each has a separate link to the internet.
ECONOMIST: Saturated mobile networks
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Hong Kong, one of the few Asian countries to maintain a fixed parity to the dollar, spent the summer intervening in its stock market to defend its currency link.
BBC: Curbing global turmoil