Problem
1. What factors underlie a nation's decision to adopt floating exchange rates or fixed exchange rates?
2. How do managed floating exchange rates operate? Why were they adopted by the industrialized nations in 1973?
3. Why do some developing countries adopt currency boards? Why do others dollarize their monetary systems?
4. Discuss the philosophy and operation of the Bretton Woods system of adjustable pegged exchange rates.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.