Briefl y explain how interest rates on instruments of comparable risk and maturity will tend to be equalized in a world without capital barriers What are the advantages of fi xed exchange rates? What...

Briefl y explain how interest rates on instruments of comparable risk and maturity will tend to be equalized in a world without capital barriers

What are the advantages of fi xed exchange rates? What are the disadvantages? Does it matter if the country is large or small?