As a result, every time the floating dollar moves, prices and the value of investments the world over are distorted.

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This could discourage other buy-out shops from floating their shares, and may dent share prices for those that are already quoted on the stockmarket.

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Lots of money floating around in that part of the world could sustain prices on the high side.

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Floating exchange rates destabilise trade and investment by wrenching relative prices away from their fundamental values (that is, from the values that would put the corresponding exchange rates at purchasing-power parity).

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Significantly, the vast expansion in markets for options, futures and derivatives occurred mostly after 1971, with the onset of floating exchange rates, wildly-gyrating interest rates, and swings in commodity prices.

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