Destabilizing speculation is the process where
A.
In a free floating exchange system, speculators cause wide fluctuations to the exchange rate.
B.
In a fixed peg exchange system, speculators hold foreign reserves too long and destabilize the peg.
C.
In a free floating exchange system, the International Monetary Fund is forced to issue Special Drawing Rights.
D.
In a fixed peg exchange system, speculators sell all holdings of Special Drawing Rights.