Floating Exchange Rates

It Has A Bibliography. Very extensive research - Floating Exchange Rates: The Only Viable Solution Stentor Smith For some, the collapse of Mexico's economy proves that floating exchange rates and markets without capital controls are deadly. Others find the crash of the European exchange-rate mechanism (ERM) in 1993 to be proof that targeted rates will always be overturned by the free market. Many see the breakup of Bretton Woods as the failure of fixed rates. Yet …

…September 1994: 54. Krugman, Paul R. 'Europe's Fatal Monetary Vision.' U.S. News And World Report 16 August 1993: 45. Lawday, David and Warren Cohen. 'Capsizing Currencies.' U.S. News And World Report 16 August 1993: 43-45. Lewis, Flora, et al. 'Is Monetary Union a German Racket?' New Perspectives Quarterly Winter 1993: 26-38. Lewis, Paul. 'Role Shifts for Central Bankers.' The New York Times 15 November 1994: D1. Magnusson, Paul. 'The IMF Should Look Forward, Not Back.' Business Week 3 October 1994: 108.