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<H1>Chapter 22 - Assignment 1: Alternative Exchange Rate Systems</H1>
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Read Elizabeth M. Boschee's essay on "<a href="http://woodrow.mpls.frb.fed.us/econed/essay/1-96.html">
Floating Exchange Rates: The Only Viable Solution</a>." This essay was the first-place award winner
in the 1995-1996 essay contest sponsored by the Federal Reserve Bank of Minneapolis.
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<LI>According to this essay, what are the problems associated with attempting to maintain a system of fixed exchange rates?
<LI>What are the problems associated with monetary unification?
<LI>Why does Boschee argue that a system of floating exchange rates is the best available option?
What are the problems associated with such a system? What are the advantages?
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[ <a href="c22.htm" target="_top">Chapter 22</a>
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