Archive for October 11th, 2010

Larry's Blog

Seeking a Greater IMF Role in Arbitrating Currency Disputes

October 11, 2010

Talks among officials attending the World Bank/IMF meetings in Washington failed to forge a consensus to the current multiplicity of purported currency misalignments and the role of government policies in preventing market adjustments that would promote less imbalanced current accounts.  In the absence of shared interests, nations will submit the issue to the IMF for […] More

New Overnight Developments Abroad - Daily Update

Currency Policy Strains Unresolved

October 11, 2010

Talks among officials of the G-7 and broader community of nations in connection with the IMF/World Bank meetings in Washington have done little to resolve brewing currency wars.  There have been the typical pledges of cooperation and an agreement to have the IMF study the question.  But nothing concrete emerged.  U.S. Treasury Secretary Geithner escalated […] More