Milton Friedman, a monetarist economist, argued that adjustments were easier in a floating-rate system.
作为货币学派的领军人物,米尔顿·弗里德曼坚信在浮动汇率制里可以更容易地进行经济调整。
The theory of exchange rate determination is the foundation of it. There have been many research results in exchange rate determination, including traditional theories and modern monetarist models.