Want to reduce the prices of PIIGS and other economies exports & tourism to make them more competitive?
Why not help them avoid the cut of the middlemen in the European and world markets?
Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts
Saturday, June 25, 2011
Friday, May 20, 2011
That anti-inflation obsession: from Bundesbank to the ECB and now to the IMF?
Would the appointment of a former Bundesbank governor at the head of the IMF "export" Bundesbank's anti-inflation "obsession" philosophy to the IMF too (after the ECB)?
For context, see my April 7, 2011 "Eurozone: That 2% obsession" post
Let us keep in mind that in effect the IMF lends money to economies in trouble but in return for those loans dictates the socio-economic policies of the recipient country. Thus the IMF is not a mere "fund" or even a mere "bank". In return for loans, it almost runs a country's economic governance (that is why DSK will be missed and why IMO Christine Lagarde, France's Minister of Finance and and ex-businessperson, is the best candidate for the job).
It is not a good time to export dogmatic Economic thinking to the IMF.
For context, see my April 7, 2011 "Eurozone: That 2% obsession" post
Let us keep in mind that in effect the IMF lends money to economies in trouble but in return for those loans dictates the socio-economic policies of the recipient country. Thus the IMF is not a mere "fund" or even a mere "bank". In return for loans, it almost runs a country's economic governance (that is why DSK will be missed and why IMO Christine Lagarde, France's Minister of Finance and and ex-businessperson, is the best candidate for the job).
It is not a good time to export dogmatic Economic thinking to the IMF.
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