Problem
'The Far East Crisis of 1997 and the Argentinian peso crisis of 2001 proved that fixed exchange rates are unsustainable in a world denominated by global capital markets.'
(a) How did fixed exchange rates contribute to these crises?
(b) Why are fixed rates 'unsustainable in a world of global capital markets'?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.