When Did the Discussion of “Fixed Versus Floating Exchange Rates” Fall Out of Vogue?

Abstract

This brief article offers an overview of fixed and floating exchange rate systems and contextualizes how these systems have changed over the last several decades. The article critically questions why many higher educational institutions have yet to adapt some of the questions economic policy makers actually face by looking at pivotal moments over the last several decades. What does the international exchange rate system actually look like, what landmark moments led to the current dynamic and how does this differ from the black boxed concepts of exchange rates as taught in most intro university economics courses?