October 06, 2014

The IMF can do a lot for the world, by just denouncing the mistakes of their bank regulation colleagues.

Sir you argue “The world economy is not so much suffering from a global malaise as a host of local ailments…[but that] Sadly, the IMF can do little about that”, “Bleak words and difficult homework from the IMF” October 6.

On the contrary, the IMF can do a lot! It can for instance explain to the world that credit risk weighted capital requirements for banks do not make any sense, as they discriminate against the access to bank credit of those the economy most need to have access to it, “the risky”, the medium and small businesses, entrepreneurs and start ups.

PS. http://subprimeregulations.blogspot.fr/2014/10/comments-on-imf-global-financial.html