This edition: Fixed vs. Floating Exchange Rates

Episode Details
The strengths and weaknesses of each type of rate, along with their role as shock absorbers. Case studies: Komatsu vs. Caterpillar; petrodollar recycling in the 1970s.

The strengths and weaknesses of each type of rate, along with their role as shock absorbers. Case studies: Komatsu vs. Caterpillar; petrodollar recycling in the 1970s.