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IMF’s Strauss Kahn: Bit worried countries not working together enough on ending crisis

By   || March 17, 2010 at 09:06 GMT
|| 2 comments || Add comment

Human nature matey, all busy looking out for their own interests.

  • Recovery is multi-speed
  • For many countries it is too early to begin exit strategies
  • Better balance of global demand needed
  • China and Germany should boost domestic demand
  • Appreciation of yuan would help in global rebalancing
  • Massive build up of reserves is is burden for financial system
  • Global risks uncoordinated policies, distorted capital flows
  • Quick deal needed in EU on financial regulation
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2 Responses to “IMF’s Strauss Kahn: Bit worried countries not working together enough on ending crisis”

  1. Emilio on March 17th, 2010 11:21 GMT

    According to this spanish paper IMF has also stated that the yuan is heavily undervalued:

    http://www.eleconomista.es/flash/noticias/1989680/03/10/El-FMI-echa-mas-lena-al-fuego-el-yuan-esta-muy-infravalorado-.html

    They also mention that Reuters reports a chinese gov. source saying they will keep the yuan stable and that a stronger yuan wont mitigate global imbalances:

    http://www.eleconomista.es/economia/noticias/1989651/03/10/China-insiste-ante-la-creciente-presion-de-EEUU-no-apreciara-el-yuan.html

  2. ForexLive European Morning Wrap: Sterling strength very much the main feature | ForexLive on March 17th, 2010 11:46 GMT

    [...] IMF’s Strauss Kahn says a bit worried countries not working together enough on ending crisis [...]

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