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28 Sep 2019
"Thus, the arrival of floating exchange rates in March 1973 was hailed by many economists as a healthy development in the evolution of the world monetary system, one that would put markets at center stage in determining exchange rates. (Krugman, Obstfeld, Melitz, International Finance: Theory and Policy, Eleventh Edition, p. 272)
When you consider both the arguments for floating (or flexible) exchange rates and the macroeconomic history of the world economy since 1973, do you agree that the move to floating exchange rates was a healthy development in the evolution of the world monetary system?
* This must be at least 2 paragraphs in length with a minimum of 200 words and a maximum of 400 words.
"Thus, the arrival of floating exchange rates in March 1973 was hailed by many economists as a healthy development in the evolution of the world monetary system, one that would put markets at center stage in determining exchange rates. (Krugman, Obstfeld, Melitz, International Finance: Theory and Policy, Eleventh Edition, p. 272)
When you consider both the arguments for floating (or flexible) exchange rates and the macroeconomic history of the world economy since 1973, do you agree that the move to floating exchange rates was a healthy development in the evolution of the world monetary system?
* This must be at least 2 paragraphs in length with a minimum of 200 words and a maximum of 400 words.
Chika IlonahLv10
28 Sep 2019
