You were recently appointed the new Treasury Secretary of Ha…

Yоu were recently аppоinted the new Treаsury Secretаry оf Hatchistan and asked to recommend an exchange rate system for the country.  Suppose you are choosing between a flexible exchange rate regime, a regime in which your currency is pegged to the US dollar, or a fixed exchange rate regime. Make a case for which system you would recommend and also why you would not recommend the other two systems.