There has in the last decade been a hollowing out of the middle of the distribution of exchange rate regimes , with the share of both hard pegs and floating gaining at the expense of soft pegs.

• 过去十年来，(世界各国)中间汇率政策一直在萎缩，其结果是放弃软汇率钉住，而固定汇率和浮动汇率势力大涨。