Country Yadayada has just announced its independence. You have beensummoned to the state palace to make a presentation to the first full cabinet meeting.Theirfirst agendais determiningthe foreign exchangeregime.

1. Your task is to present the pros and cons of each foreign exchange system. Thecabinet secretary told you most ministers are aware of the following foreignexchange arrangements: fixed exchange rate, currency board, managed floatingdanfreefloating exchangerate.
2. Howwouldthe arguments havedeveloped inIndonesiain October2021?

Reference : Macroeconomics( Olivier Blancard)