Summarize the pros and cons of fixed and floating exchange rate systems.
Some countries have gone to the extreme of "dollarizing" their economies. What is "dollarization"? What are the advantages/disadvantages of a "dollarized economy"? Provide examples of countries that have done this.
The international financial system has gone through major scrutiny after the 2007-08 Financial Crisis. To that effect, is the IMF necessary today, does is it need to be reformed, and if so, what should its functions include?