Resolve major problems in balance of payments surpluses

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Reference no: EM13212453

Proponents of the managed floating exchange rate system argue that it has added the volatility needed by the exchange rate market. been effective because it is a "nonsystem" without fixed rules. been sufficiently flexible to weather major economic turbulence. resolved major problems in balance of payments surpluses and deficits.

Reference no: EM13212453

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