Explain whether a fixed or floating exchange rate system would cause greater gains from Internation

ASSUME THAT YOU ARE AN ECONOMIC ADVISOR AND YOUR FOCUS IS ON UNDERSTANDING THE DIFFERENT TYPES OF EXCHANGE RATE SYSTEMS. YOU HAVE BEEN HIRED TO UNDERSTAND THE SHIFTS IN MONETARY POLICY AND THEIR INFLUENCE ON MONETARY POLICY. THE ONLY CAUSES OF FLUCTUATIONS IN STOCK PRICES ARE UNEXPECTED SHIFTS IN MONETARY POLICIES. NOW, YOUR TASK IS TO EXPLAIN WHETHER A FIXED OR FLOATING EXCHANGE RATE SYSTEM WOULD CAUSE GREATER GAINS FROM INTERNATIONAL ASSET TRADE. IN YOUR ANSWER, FOCUS ON THE CHANGE IN POLICY WITH REGARD TO MONETARY POLICY AND ITS INFLUENCE ON EXCHANGE RATES.

ARTICLES
Carrieri, F., Chaieb, I., & Errunza, V. (2013). Do implicit barriers matter for globalization? Review of Financial Studies, 26(7), 1694-1739. doi:10.1093/rfs/hht003
- The full-text version of this article can be accessed through the EBSCOhost database in the Ashford University Library. This article examines the impact of implicit barriers on emerging and developed markets. It will be useful for completing the discussions this week.
Lowenfeld, A. F. (2010). The international monetary system: A look back over seven decades. Journal of International Economic Law, 13(3), 575-595. doi:10.1093/jiel/jgq023
- The full-text version of this article can be accessed through the EBSCOhost database in the Ashford University Library. This article examines the history and development of the International Monetary Fund. It will be helpful in completing the discussions this week.

Rajan, R. G. (2008). The future of the IMF and the World Bank. American Economic Review, 98(2), 110-115. doi:10.1257/aer.98.2.110
- The full-text version of this article can be accessed through the EBSCOhost database in the Ashford University Library. This article discusses the importance of the International Monetary Fund and the World Bank. It will be helpful in completing the discussions this week.