INT 220 Week 4 Discussion | Southern New Hampshire University
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- 08 Oct 2022
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INT 220 Week 4 Discussion | Southern New Hampshire University
4-1 Discussion: The International Monetary Fund
For a long time, the International Monetary
Fund (IMF) has had its supporters and detractors. In this discussion, you will
have the opportunity to consider some of the IMF's actions and determine
whether they were beneficial as well as ethical.
To help frame this discussion, consider the
IMF's actions in Greece. Greece spent a decade in economic turmoil starting in
2009. The IMF provided financial assistance to "bail out" Greece
multiple times during the crisis. Their loans came with requirements that
Greece needed to meet. Some argue that the IMF made the crisis much worse,
whereas others feel the IMF provided timely support to Greece not long after
the global financial crisis of 2008.
In your initial post, address two of the
four bulleted questions below.
·
When
should a government, economy, or country be bailed out, if ever? Justify your
answer with specific examples and how the bailout or lack of bailout would
impact the global economy and the future of globalization.
·
Ideally,
which countries or organizations would provide the economic support for a
government that needs a bailout? Is the IMF the ideal organization to bail out
a country?
·
Is
it ethical for the IMF to bail out countries that repeatedly make bad economic
and fiscal decisions? Is it ethical for the IMF to have significant
requirements attached to its loans?
·
What
lessons should be learned from the Greek debt crisis for countries with debt
obligation issues and for organizations such as the IMF?
In your responses to two or more of your
peers, address the following:
·
The
IMF is considering creating a digital currency. Assuming that we are in a world
where there is a single digital currency, who would ideally create a global
cryptocurrency? Would you trust the IMF to create one? Or would you prefer one
created by a global bank such as JPMorgan Chase or one backed by a country?
·
What
are the ethical implications of cryptocurrency?
USA 
India