Explain how foreign exchange futures contracts can be used to reduce exchange rate risk. Is there exchange rate risk under both fi xed and fl exible exchange rate systems? Explain. What were the...

Explain how foreign exchange futures contracts can be used to reduce exchange rate risk. Is there exchange rate risk under both fi xed and fl exible exchange rate systems? Explain.

What were the causes of the Asian crisis? What did the IMF do to mitigate the Asian crisis?