Description: The world’s financial leaders failed on Saturday to reach agreement on how to contain an escalating currency dispute that has threatened to undermine global cooperation on economic recovery.

Source: NYTimes.com
 
Date: 10/09/2010

Link: http://www.nytimes.com/2010/10/10/business/global/10imf.html?_r=1&ref=business

Questions for discussion:

• Summarize the situation and the concerns over currencies.
• What role should be played by the IMF and other financial players?
• What do you believe will happen over the next six months?
• How should financial managers of firms that are affected by fluctuations in currencies prepare?