Fixed, Flexible, and Gliding Exchange Rates

  title={Fixed, Flexible, and Gliding Exchange Rates},
  author={Lawrence B. Krause},
  • Lawrence B. Krause
  • Published 1971
  • Economics
  • "Should we have an international monetary system based on fixed or flexible exchange rates?" is a question that will hardly attract attention on grounds of originality. Yet it is being posed more frequently today than at any time since the end of World War II. The questioners of today tend to be practical men who once scorned such deliberations as a sport worthy only for economists or philosophers. No doubt the frequent and disturbing international financial crises that have occurred since the… CONTINUE READING

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