IMF seeks new mandate, global currency
posted by Newswire on international finance - Bretton Woods Project | Wed, 03/03/2010 - 00:00IMF head Dominique Strauss-Kahn suggested, last week in a speech on the future mandate of the IMF, that the organization might one day be called on to provide countries with a global reserve currency as an alternative to the US dollar. ABC, 3 March.
Global crisis leads IMF experts to rethink long-held ideas
posted by Newswire on international finance - Bretton Woods Project | Sun, 21/02/2010 - 00:00New York Times, 21 February.
IMF's Blanchard suggests higher inflation targets for rich countries
posted by Newswire on international finance - Bretton Woods Project | Fri, 12/02/2010 - 00:00The International Monetary Fund's top economist, Olivier Blanchard, says central bankers should consider aiming for a higher inflation rate than they do currently to lessen the chances of repeating the recent severe recession. Wall Street Journal, 12 February.
Still lost in the old Bretton Woods
posted by Newswire on international finance - Bretton Woods Project | Sun, 27/12/2009 - 00:00During the past 10 years, the shortcomings of the international financial institutions in dealing with the problems of the modern economy became all too apparent. But despite a torrent of rhetoric about a new Bretton Woods, the world ends the decade with much the same system as it began. The lesson is that institutional fiddling is not a substitute for political courage. Financial Times, 27 December.
IMF head warns against early exit from stimulus policies
posted by Newswire on international finance - Bretton Woods Project | Tue, 08/12/2009 - 00:00IMF Managing Director Dominique Strauss-Kahn said recently that while the global economy had clawed itself out of the worst of the economic downturn, it was still too early for a general exit from stimulus policies. "We recommend erring on the side of caution, as exiting too early is costlier than exiting too late," he said. Xinhua, 8 December.
World Bank urges keeping fiscal stimulus till 2012
posted by Newswire on international finance - Bretton Woods Project | Mon, 07/12/2009 - 00:00Countries should not rush to end fiscal incentives to help their economies cope with the global economic crisis, in order to build a base for sustained long-term growth, the World Bank's chief economist said moneycontrol.com, 7 December.
The elusive search for global financial rules
posted by Newswire on international finance - Bretton Woods Project | Tue, 01/12/2009 - 00:00If the financial crisis is global, it is said, then the solution must be global: an international financial system that works better. Project Syndicate, 1 December.
IMF studying bank transaction tax option - Lipsky
posted by Newswire on international finance - Bretton Woods Project | Mon, 30/11/2009 - 00:00Reuters, 30 November.
30 global financial institutions on systemic risk list
posted by Newswire on international finance - Bretton Woods Project | Mon, 30/11/2009 - 00:00Regulators have identified thirty international financial institutions for cross-border supervision exercises. The list was made by regulators under the Financial Stability Board to help pre-empt systemic risks from spreading globally in any future financial crisis. Market Watch, 30 November.
IMF head eyes global currency change, presses on yuan
posted by Newswire on international finance - Bretton Woods Project | Tue, 17/11/2009 - 00:00Reuters, 17 November.