Read through the information below and answer the questions that follow.

You have been recently hired as an analyst for an international financial company. You have been tasked to write a report on the following article provided by your senior manager. The article is written by Hyun Song Shin, economic adviser and head of research of the Bank for International Settlements:

Shin, H.S. (2019) 'Global imbalances and the international footprint of firms: what role for exchange rates?', Bank for International Settlements [Online]. Available at: https://www.bis.org/ speeches/ sp190410.pdf

Your senior manager is currently working on a project to better understand how global imbalances could contribute to financial instability. He indicated that your report will be shared with the whole team and has asked you to cover the following questions in your report:

a.What is the main aim of the article?

b. What is the basic point of the article?

c. Provide the team with a brief critical assessment of the article. Your firm is an India-based large multinational corporation that exports to the USA with significant intra-company trade between different subsidiaries in different parts of the world. The management team is expecting an appreciation of the dollar, seeing that as a competitive opportunity in the US market. What would be your response?