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Fixed Exchange Rates and Floating Exchange Rates: What Have We Learned?

Published Jun 6, 2007Updated Jun 20, 2025

The Congressional Research Service is a nonpartisan policy and legal analysis arm of the Library of Congress. CRS reports are written for members of Congress and their staff, not the public — but they’re made available openly through Congress.gov.

Fixed Exchange Rates and Floating Exchange Rates: What Have We Learned? — Informed