Test Cover Image of:  Economic Instability and Flexible Exchange Rates

Economic Instability and Flexible Exchange Rates

This paper focuses on the risks accompanying a vibrant and expanding monetary system. It views in broad terms an apparent gap in economic analysis that seems to prevent any single answer to the paradox that a highly sophisticated payments system also seems to generate economic instability. The volatile behaviour of foreign exchange markets is examined, and operational possibilities for attempting to minimize the often conflicting differences between movements of capital and trade are put forward.
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