In the 1970s most European countries were unhappy with floating exchange rates because they made each country's domestic monetary policy ineffective.

Name: In the 1970s most European countries were unhappy with floating exchange rates because they made each country's domestic monetary policy ineffective.
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Floating exchange rates allow countries to have independent monetary policies, as they can adjust interest rates without needing to maintain a fixed exchange rate.

In the 1970s Most European Countries Were Unhappy with Floating