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Benefits of fixed exchange rates are: (1) will reduce the uncertainty of exchange rate fluctuations, and (2) exchange rate can be thought of as a nominal anchor (nomina l a n c h o r), promoting the stability of prices and inflation expectations. But there are also some fixed exchange rate system fl

The fixed rate of exchange system advantage is: The (1) exchange rate undulation uncertainty will reduce; The (2) exchange rate may regard as a nominal anchor (nomina l a n c h o r), promotion price level and inflation anticipated stability.But the fixed rate of exchange system also has some flaws:

fixed exchange rate system is: ( 1) The benefits of the exchange rate fluctuations would have to reduce uncertainty; ( 2) The exchange rate can be seen as a nominal anchor (nomina l o R a n c h), promoting price levels and inflation expectations of stability. But fixed exchange rate system also has

Benefits of fixed exchange rates are: (1) will reduce the uncertainty of exchange rate fluctuations, and (2) exchange rate can be thought of as a nominal anchor (nomina l a n c h o r), promoting the stability of prices and inflation expectations. But there are also some fixed exchange rate system fl