Since the 1970s the interdependence of the world economy has grown to an unprecedented extent. This has led to some academics to argue that exchange rate systems do not fit changing macroeconomic circumstances anymore. (Frieden,2015)
Since the 1970s the interdependence of the world economy has grown to an unprecedented extent. This has led to some academics to argue that exchange rate systems do not fit changing macroeconomic circumstances anymore. (Frieden,2015)