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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With floating exchange rates, the trade constraint was removed.

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But there is little appetite to abandon the world of floating exchange rates, while free trade talks, also encouraged at Bretton Woods, have stalled.

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Absent a common currency in the form of the dollar, the U.S. would still be a rich country, but far less vibrant for all the wasted effort necessary to facilitate interstate trade given 50 different floating money concepts.

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There are bills and proposals floating around the Hill, the Federal Trade Commission (FTC), and the Commerce Department.

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In industrial countries, remarkably little evidence exists to suggest that the volatility of floating exchange rates does in fact harm trade or investment.

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By devaluing a currency in a floating exchange rate environment, the result is that trade booms and foreign reserves balloon.

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As finance minister, she is blamed for rising inflation and trade-union militancy, both triggered by the floating of the Sri Lankan rupee.

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Just as a floating foot and minute would lead to a lot of building and cooking errors, floating money would and does foster a great deal of malinvestment and trade disharmony for turning voluntary, economy-enhancing exchange with stable money as the measuring stick into something where trading partners are increasingly at odds.

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There are two draft bills floating around Congress, and policy recommendation reports are coming soon from the Federal Trade Commission and the Commerce Department.

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Moreover, abandoning the gold standard in favor of free floating currencies was supposed to eliminate currency crises and lead to an automatic adjustment in trade imbalances.

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