question archive How is forcing governments to make adjustments to meet their international problems both an advantage and disadvantage of fixed exchange rates?
How is forcing governments to make adjustments to meet their international problems both an advantage and disadvantage of fixed exchange rates?
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How is forcing governments to make adjustments to meet their international problems both an advantage and disadvantage of fixed exchange rates?
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Forcing government to make adjustment to meet various problems can be good as well as bad.
It can be an advantage as it will lead to stability in the currency of the country and it will also create credibility in the currency of the country.
It can be a disadvantage as the domestic fiscal and monetary policies will have to be given up the government.
