You are the senior economic advisor for currency analysis with the United Nations (UN). The President of Malaysia has accused international currency speculators of conspiring to devalue the Malaysian ringgit and wants the UN to create a formal policy that is designed to prevent similar financial crises in the future. Some years ago, when currency speculators turned their backs on Malaysia and forced a devaluation of the ringgit, Prime Minister Mahathir Mohamad denounced currency speculators as "immoral" and argued that currency trading should take place only to facilitate deals between countries. Although most observers dismiss these comments as coming from a man known for his outspoken tirades against Western investors, others contend that the prime minister's rhetoric voices a genuine concern. Do you think an international policy that restricts currency trading can prevent future problems? What other implications might stem from such a policy? Is it ethical for global currency speculators to bet against national currencies, perhaps sending whole economies into a tailspin while they profit? Or do you think that currency speculators perform a valuable service by correcting overvalued or undervalued currencies?