Discussion:
1.Research a recent article on the International Monetary Fund (IMF); perform an online search for an article that is at least 2-3 pages in length. Read the article, and think about how the topic relates to the concepts discussed in Chapter 10 (The determination of Exchange Rate). Write a brief summary report (1 page), and discuss how the article relates to the IMF's position of influence on individual nation's economic policy. You should incorporate terminology and concepts included in the chapter to summarize the article. Remember to cite any sources used, including the textbook (APA format is required).
2.Read the case study "Welcome to the World of Sony - Unless the Yen Keeps Rising" at the end of Chapter 10 in your textbook. Address the following questions in your response. You should make sure to include core concepts discussed in your textbook in your answers.
• Given instability in the currency markets, why do you think it is important for Sony to manufacture more products in the United States and Europe and to also buy more from suppliers in other countries in Asia?
• Identify the major forces that affected the Japanese yen prior to the global financial crisis in the fourth quarter of 2008? In your opinion, what has had the greatest impact on the yen since then, and where do you forecast the future value of the yen?