Although there seems to be a broad consensus among economists that purely floating or completely fixed exchange rates … different forms of floating on the basis of a central bank's intervention activity: pure floating (no interventions …), independent floating (exchange rate smoothing), and managed floating (exchange rate targeting). Our cross-country study shows that …

Asset-based lending, the supply of loans based on floating collateral, is an important source of funding for small .rms …

low levels of exchange rate pass-through and thus contribute to weakening the 'fear of floating' phenomenon experienced by … central bank's persistent 'fear of floating.' -- Pass-Through ; Inflation ; Brazil …