A Quote by Steve Hanke

Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates.

Steve Hanke

Quote Topics

Economists Exchange Exchange Rate Fixed Interchangeable Most Nearly Rates Terms Use

Quote Author

Steve Hanke
American - Economist
Born: December 29, 1942

The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.

Milton Friedman

Liberal economists conceive of societies as black boxes connected by exchange rates; as long as exchange rates are correct, what goes on inside the black box is regarded as not very important.

Robert Gilpin

When my first play was produced, I had this sudden feeling that I feel powerful. Like, the next time I go into an audition room, and it's me and the same eight girls as always, I will have this thing that no one can take away from me. They can see us all as interchangeable. But I am not interchangeable.

Zoe Kazan

Multitude, solitude: equal and interchangeable terms for the active and prolific poet.

Charles Baudelaire

A rowdy bunch on the whole, they were most of them so violently individualistic as to be practically interchangeable.

Elaine Dundy

I am often asked about the difference between 'change management' and 'change leadership,' and whether it's just a matter of semantics. These terms are not interchangeable.

John P. Kotter

I have heard your orators speak on many questions. One among them the so-called vital question of money which is above all things the most coveted commodity but I, as a Jainist, in the name of my countrymen and of my country, would offer you as the medium of the most perfect exchange between us, henceforth and forever, the indestructible, the unchangeable, the universal currency of good will and peace, and this, my brothers and sisters, is a currency that is not interchangeable with silver and gold, it is a currency of the heart, of the good life, of the highest estate on the earth.

Virchand Gandhi

Archetypes are universal, and, in subtle or extravagant ways, interchangeable.

Tanith Lee

I am comfortable calling myself a writer of suspense, or a writer of thrillers; both terms are sort of interchangeable to me. I think that came from a sense of being at conflict with my true nature throughout my youth, and being afraid of discovery, and feeling as if I didn't belong.