IMF

IMF reforms pass Congress but too late to salvage US leadership credentials
The US Congress has finally passed long awaited IMF governance reforms. President Obama claimed it as a victory for the White House that will strengthen 'America's leadership of…
IMF's yuan decision: why it matters and why some are not pleased
On the 30th of November, the IMF announced its decision to include the Chinese yuan in the Special Drawing Rights (SDR) basket. Terrific, I hear you say, yet another TLA to…
Decoding China's GOOD approach to the G20
With this year's summit season coming to an end, Turkey will officially hand over the G20 hosting baton to China on 1 December 2015. The Hangzhou Leaders' Summit has already been…
Economist as crusader: Why Blanchard wants to change thinking on capital-flow policy
This week's cover-story in The Economist warns of an impending debt crisis in the emerging economies. This is seen as the third stage in the ongoing debt saga: first came the 2008…
Asian financial markets: Confected panic from professional doomsayers
Over the last few weeks, global financial markets have once again demonstrated their predilection for over-reacting to ephemeral news. For their part, the media are always happy…
History rhymes on Greek debt
Just about everyone agrees that the Greek problem has been kicked down the road again, and probably not even very far.  The fantasy nature of the 'agreekment' is clear. Let's put…
IMF belatedly rethinks austerity
When we get enough perspective to write a balanced history of the 2008 global financial crisis and the subsequent feeble recovery, fiscal policy mistakes will surely feature…
Five points that get lost about the Greek debt crisis
  Rather than focus on the blow-by-blow developments of the umpteenth meeting in the Greek crisis, here are some higher level issues that often get lost in the summitry din: At…
With Greece on the brink, has the IMF learnt its lesson?
With Greece once again teetering on the brink of default, a recent paper from the Centre for International Governance Innovation explores one episode in the amazing saga of how…
What to do about weak world growth
Forecasts prepared for the IMF's 'Spring Meeting' in Washington last week predict global growth of around 3.5% this year, about the same as in the last few years. This is not the …