Multinational corporate management Discussion board The international monetary system facilitates international trade and investment. Historically there have been a variety of systems which has resulted in today’s multifaceted system. Describe the current international monetary system and your impression of the effectiveness and efficiency of the system. Discuss the various strategies that financial managers can use to optimize their company’s financial performance? Include in your answer the risks – transaction, translation, and economic. Which one of the three risks mentioned in #2 has the most impact on a company? Why? Your response should be at least 250 words Solution IMF is making strategies for supporting the developing and poor nations. they are providiing many guidelines and they are facilitating poor nations to become rich. it is taking different mesures and donating and contributing financial support to developing nations at lesser interest. it is also helping different nations to form associations and promote their common goal around the countries. they are assigning tasks based on regions and ask them to perform well and next they should assist remaining nations. but unfortunately what ever the measures or steps taken to minimize the inequality between poor and rich, they are resulting in opposite way only. the rich nations are becoming more rich and poor are becoming still poor and sick. indirectly it is giving chance to the strongers and they are becoming more stronger than earlier. the strategies are not giving the positive and expected results. the best ways to increase revenues and profits are either increasing the sales or decreasing the costs. now a days majority of the firms focusing on both these activities. to promote their product internationally they are using internaitonal markets for expansion. they are more stabilizing their revenues by concentrating on more than one market. they are exporting their products international wide and getting revenues from around the world. their transactions are international wide and selling the products around the globe. to minimise business and economic risks they are doing business with different nations at a time. and in this regards they are focusing on the foreign exchange transactions also. by taking correct strategies they are able to convert the international currencies into domestic currency. by diversifying into different nations and different currencies they are minimising the risk factors. and by contributing business services and activities they are promoting the economic well being of the community and economically the nation is becoming healthy and stronger..