exchange rate but experience greater shocks and interest rate and reserve changes. This is the consequence of frequent free floating countries' reaction to exchange rate changes with monetary policy and/or intervention in the foreign exchange market. The number of countries that show aversion to floating increased significantly during the 1990s. See also Domestic liability dollarization List of countries with floating currencies Currency appreciation and depreciation References Further reading Exchange rate and fiscal performance. Do fixed exchange rate regimes generate more discipline than flexible ones? Vúletin, Guillermo Javier. April 2002. Foreign exchange market