A discussion of the pros and cons of the proposition to return to system of fixed international currency exchange rates.
Written in 1989; 1,350 words; 5 sources; $ 47.95
From the Paper:
Introduction
"The purpose of this research is to examine the question: should the United States (US) return to a system of fixed international currency exchange rates? Both the pro and the con positions are addressed in this research.
The Position Opposed to a Return to Fixed Exchange Rates
At the outset of this discussion, it must be understood that the US cannot unilaterally discard the floating exchange rate system, and return to a system of fixed rates. The system to be used must be acceptable to all of the participating countries, unless, of course, one country is both willing and capable of defending a fixed exchange rate for its currency in the face of a system which neither recognizes nor supports such a rate."
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