Question: An article in the Economist notes that after the end of the Bretton Woods system, the Europeans did not like leaving their currencies to the

An article in the Economist notes that after the end of the Bretton Woods system, "the Europeans did not like leaving their currencies to the whims of the markets." What does it mean for a country to leave its currency to the "whims of the markets"? What problems might a country experience as a result? What exchange rate system did most European countries ultimately adopt?

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