Summary of, and creative thinking on: Barry Eichengreen and Ngaire Wo

Part 1: (1000 words+26 for title)

Prepare a summary, not an essay (1000 words) of the following article:
Barry Eichengreen and Ngaire Woods: The IMF’s Unmet Challenges, Journal of Economic Perspectives—Volume 30, Number 1—Winter 2015—Pages 29–52

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! The title of the summary is: “A summary of: “The IMF’s Unmet Challenges” by Barry Eichengreen and Ngaire Woods, Journal of Economic Perspectives—Volume 30, Number 1—Winter 2015—Pages 29–52”.
! You are not required to read or quote from any of the cited articles in the paper.
! Do not write an essay based on the title of the paper. (1,000 words; 33 marks)

Part 2: (2000 words)
Following on the same article
a. Explain why PPP and IFE in theory makes derivatives unnecessary.
b. Evaluate the differing ways in which derivatives can protect against the failings of IFE and PPP.

! Words that are not your own must be in inverted commas and clearly referenced directly after the inverted commas giving author name, year of publication and page number of the publication. Further details should be given at the end of your submission under the title “References”.
! Referencing is not encouraged, your understanding of the course material and your ability to present a well explained argument in your own words based on the course material is the most important consideration in assessing your submission.

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