1. “The experiences of fixed exchange rate systems and target-zone arrangements have not been entirely satisfactory” (Shapiro AC, 2010). Discuss whether the developed nations should co-ordinate exchange rate policy and identify the implications of doing so for business managers.
2. “Ahead of the UK vote on whether to remain in the European Union the Managing director of the IMF, Ms Lagarde, said “…the outcome of a decision to leave the EU ranged from "pretty bad to very, very bad".
In the light of the above quotation and noting that the FTSE index ended 2016 at a record high, critically evaluate the current role of the IMF (400 words)