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| World Economy - New Financial Architecture |
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Reform, yes, but easy does it
The International Monetary Fund and the World Bank must be weary of facing endless criticism from development campaigners and debtor countries. But this year a sharper, more immediate threat defined the debate . . . . more | |
The new boss at the IMF
When Horst Kohler was at last confirmed as the new managing director of the IMF earlier this year, it must have crossed his mind that he was picking up the world's most toxic poisoned chalice...more | |
Kohler extends hand of friendship
The International Monetary Fund has been out of the limelight for the past few months as the travails of the World Bank have taken more of the public's attention . . . more | |
Free float or fixed?
Last year, in the aftermath of the Asian financial crisis, the trend in global policy regarding exchange rate regimes was clear. Not anymore . . . more | |
FSF to pour oil on troubled waters
John Maynard Keynes observed that it was easy enough to spot a crisis while it was in progress; the difficult thing was to put in place policies to head off the next crisis while everything appeared calm. more | |
Wolfensohn: Under the whip
As James Wolfensohn, the Australian-born former investment banker, starts his second term as president of the World Bank, he may be wondering whether he is in for another five-year roller-coaster ride. more | |
US Meltzer commission turns up the heat
The multilateral development banks developed and prospered in a world quite different from today's. Far-sighted leadership during and after the second world war created international financial institutions which shored up one pillar of the US strategy to secure victory in the cold war. more | |
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