Why is it so important for the IMF to step in to help a country that is in economic crisis? What are the potential implications of a given country economic or debt crisis on other countries? How might the crisis have affected the entire international monetary system?

Can you think of a way that Chinese monetary policy might impact some other part of the world economy?

If a country's currency is depreciating, will money supply grow SLOWER or FASTER than economic growth?

Assume Egypt has pegged its currency to the Euro, but high inflation in Egypt relative to the Euro Area has caused its currency (the Egyptian Pound) to be overvalued. The Egyptians cannot borrow internationally and the exchange rate has come under pressure.   What are the options available for Egypt to deal with the crisis?   Why might Egypt go to the IMF for a deal?  What can the IMF do for Egypt and what would Egypt need to do for the IMF?