Attributes of the "ideal"currency Exchange rate stability the value of the currency would be fixed in relationship to other currencies so traders and investors could be relatively certain of the foreign exchange value of each currency in the present and near future Full financial integration -complete freedom of monetary flows would be allowed,so traders and investors could willingly and easily move funds from one country to another in response to perceived economic opportunities or risk Monetary independence-domestic monetary and interest rate policies would be set by each individual country to pursue desired national economic policies,especially as they might relate to limiting inflation,combating recessions and fostering prosperity and full employment 1111 Attributes of the “ideal” currency Exchange rate stability – the value of the currency would be fixed in relationship to other currencies so traders and investors could be relatively certain of the foreign exchange value of each currency in the present and near future Full financial integration – complete freedom of monetary flows would be allowed, so traders and investors could willingly and easily move funds from one country to another in response to perceived economic opportunities or risk Monetary independence – domestic monetary and interest rate policies would be set by each individual country to pursue desired national economic policies, especially as they might relate to limiting inflation, combating recessions and fostering prosperity and full employment