The International Monetary Fund has released Finance & Development, June 2009, with the following articles (what follows is largely a copy-paste from their press release … sorry, not much time today!):
- Crisis Shakes Europe: Stark Choices Ahead: looks at the harsh toll of the crisis on both Europe’s advanced and emerging economies because of the global nature of the shocks that have hit both the financial sector and the real economy, and because of Europe’s strong regional and global trade links. Marek Belka, Director of the IMF’s European Department, writes in our lead article that beyond the immediate need for crisis management, Europe
must revisit the frameworks on which the European Union is based because many have been revealed to be flawed or missing. - Stress Test for the Euro and The Euro’s Finest Hour: In many respects, one key European institution has proved its mettle-the euro. Both Charles Wyplosz and Barry Eichengreen discuss the future of the common currency.
- The Perfect Storm: IMF
economists rank the current recession as the most severe in the postwar period - Preparing for a Post-Crisis World: John Lipsky, the Fund’s First Deputy Managing Director, examines the IMF’s role in a postcrisis world;
- Asset Price Booms: How Can They Best be Managed?: Giovanni Dell’Ariccia assesses what we have learned about how to manage asset price booms to prevent the bust that has caused such havoc.
- Interview: Oxford economist Paul Collier about how to help low-income countries during the current crisis,
- Start This Engine: Donald Kaberuka, President of the African Development Bank, writes about how African policymakers can prepare to take
advantage of a global economic recovery. - Picture This: looks at what happens when aggressive monetary policy combats a crisis;
- Back to Basics gives a primer on fiscal policy
- Data Spotlight takes a look at the recent large swings in commodity prices.
As Assiduous Readers will know, the IMF is the Venerated Regulator du jour and all right-thinking people expect it to lead us to the promised land. Those Assiduous Readers who are not Capitalist-Deviationists are urged to keep a copy with them at all times, to assist them to smartly rebut the running dog lackeys of the pro-bonus clique.