There are many possible exchange rate systems that can be employed by nations of the world. What are the advantages and disadvantages of the currently dominant floating exchange rate system? What alternative system(s) might be better suited to manage the present world economy? Justify your position through a thoughtful discussion that draws upon the readings and lectures for this week. In addition, you should seek out a timely and relevant external information source, such as an article from a reputable news provider like The Wall Street Journal or The Financial Times.