Is IMF in Denial About World's Currency War?

With the world on the verge of a currency war, the need for macroeconomic policy coordination among the worldâ??s major industrialized economies has never been more urgent. Yet the IMF, the organization best suited to orchestrate such coordination and whose very mandate is to avoid the recurrence of the beggar-my-neighbor type of policies that blighted the 1930 economic landscape, is conspicuously in denial about the risks of any such war.