This work examines the development of the determinants of the exchange rate system since the mid-1970s.

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This is the first book to apply the theories of fictitious economy, complexity science and the principles of international finance to analyze the RMB exchange rate regime.

These seventeen essays provide an accessible and thorough reference for understanding the role of exchange rates in the international monetary system since 1973, when the rates were allowed to float.

This book provides a comprehensive survey of the theory of and empirical evidence on the determination and effects of exchange rates. The exposition utilizes both diagrammatic and mathematical representations of the underlying models.

Since 1998, the staff of the International Monetary Fund has published a classification of countries' de facto exchange rate arrangements.

The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels. "This book is remarkable.

First Published in 2007. Routledge is an imprint of Taylor & Francis, an informa company.