In the debate on fixed versus floating exchange rates, the strongest argument for a floating rate is

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In the debate on fixed versus floating exchange rates, the strongest argument for a floating rate is that it frees macroeconomic policy from taking care of the exchange rate. This is also the weakest argument. Explain.

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International Economics

ISBN: 978-0132948913

6th edition

Authors: James Gerber

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Question Posted: Nov 27, 2015 02:02 AM

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In the debate on fixed versus floating exchange rates, the strongest argument for a floating rate is

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Fixed exchange rate systems require the monetary authority to closely monitor the exchange rate In e...View the full answer

International Economics

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