IMF says flexible exchange rate best measure

The International Monetary Fund (IMF) has identified the free-floating exchange rate regime as the best measure against economic shock, according to a new study.

According to an IMF study titled, "Instability in Current Account," exchange rate regimes play a crucial role in preventing crises stemming from current account deficits.

"Considering the crises in Latin America, Russia and Asia, a current account deficit causes the worst outcomes in fixed exchange rate regimes," the study says. The c