The International Monetary Fund's classification of countries' exchange-rate arrangements should allow for greater consistency and objectivity across countries, new research from the Fund posits.

The new classification replaces "conventional fixed peg" with two categories: "conventional pegged arrangement" and "peg-like arrangement". "Managed floats" are now described simply as "Floating" and "Independently floating" becomes "Free floating". The classification adds a new term: "other managed