1. Do you think the standard IMF policy prescriptions of tight monetary policy and reduced government spending are always appropriate for developing nations experiencing a currency crisis? How might the IMF change its approach? What would the implications be for international businesses?
2. Debate the relative merits of fixed and floating exchange rate regimes. from the perspective of an international business, what are the most important criteria in a choice between the systems? Which system is the more desirable for an international business?