short response ( 300 words )

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.