Why was much of Latin America so slow to change to a floating exchange rate? How did the insistence on a fixed exchange rate contribute to the Lost Decade?

Name: Why was much of Latin America so slow to change to a floating exchange rate? How did the insistence on a fixed exchange rate contribute to the Lost Decade?
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The Answer of Why was much of Latin America so slow to change to a floating exchange rate? How did the insistence on a fixed exchange rate contribute to the Lost Decade?

Why Was Much of Latin America So Slow to Change