With specific reference to the UK economy over the past 20 years, critically discuss the relative advantages and disadvantages of operating a floating exchange rate regime.

You should use at least 3 different sources for your essay, with a minimum of two from the list below:

1) Begg, D., Fischer, S. & Dornbusch, R. (2008) Economics, 9th edition, McGraw-Hill, ch.28

2) Griffiths, A. & Wall, S. (2012) Applied Economics, 12th edition, Longman, chapter 26

3) Sloman, J., Wride, A. & Garratt, D. (2012) Economics, 8th edition, London: Prentice Hall, chapter 25

4) E-book “The New Palgrave Dictionary of Economics Online”

5) Mankiw, N. & Taylor, M. (2011) Economics, 2nd edition, chapter 38

6) Krugman, P., Wells, R. & Graddy, K. (2008) Economics, European Edition,Worth, chp. 34.

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