Essay on topic

To what extent could you argue that a fixed exchange rate regime would have been (or not) more stabilizing than the floating rates with regard to the stability issue of the international monetary and financial system in the last four decades?
Indications:
• You should consider the opposition between the two exchange regimes (fixed and floating) through a brief analysis of their respective arguments regarding the stability issue of the IMS.
• For this purpose, you must define the IMS stability and the underlying constraints that could make international coordination- cooperation quite confused.
• In this aim, the use of chapters 1, 3 and 4 might be particularly suitable.