US pressure to bring ‘freer markets’

Dialogue between nations is driving emerging market countries to adopt more flexible exchange rates, Taylor said, in a testimony to a financial services House subcommittee on October 1.

The choice of exchange rate regime is particular to each country, but the US wants to encourage pro-growth policies and stability worldwide, in line with the President’s growth package, he said.

The US administration is currently focusing its efforts on China, in an effort to urge continued reduction in barrier