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  1. IMF chief flunks governance test

    Posted Mar 02nd 2010, 12:00am by Kevin Rafferty

    ... Kevin Rafferty International Monetary Fund managing director Dominique Strauss-Kahn last week put forward a bold sketch map for what he called 'an IMF for the 21st century'. But in the very same week he and two key members of the fund, China and Japan, flunked the most important test for the future of the IMF- good and open governance. At the start of the week Takatoshi Kato, ...

  2. Beijing injects voice into IMF's report

    Posted Aug 03rd 2010, 12:00am by Kevin Rafferty

    ... was published at all. In the previous four years, Beijing had blocked publication of the IMF's report based on its regular consultations, joining an undistinguished club of countries, including Guyana, Myanmar and Saudi Arabia, who refuse the IMF permission to publish its findings. Exactly why the rulers in Beijing relented is open to cynical speculation. A blogger for The Economist ...

  3. Property price inflation may lead to bust, IMF warns

    Posted Nov 19th 2010, 12:00am by Peggy Sito

    ... Peggy Sito The International Monetary Fund (IMF) warns that a correction in Hong Kong's property market is likely unless price growth is checked. It recommends an increase in stamp ... to a year after purchase. The IMF's comments on asset inflation come two weeks after Hong Kong Monetary Authority chief executive Norman Chan Tak-lam warned that the US Federal Reserve's ...

  4. IMF overhaul not a done deal just yet

    Posted Nov 09th 2010, 12:00am by Kevin Rafferty

    ... heralded as a triumph that reflects a new global financial order where the newly emerging countries will have their say and the old Western imperial dominance come under challenge. But the IMF deal ... point that the complicated agreement still has a few steps to go before becoming reality. The deal is based on a doubling of the IMF quotas, thus permitting a realignment of the shares, ...

  5. IMF says China should raise taxes, rates to curb property price gains

    Posted Dec 04th 2010, 12:00am by Peggy Sito

    ... The policy measures announced this year by Beijing 'at best treated the symptoms of high residential real estate inflation' but could not change the underlying structural causes, the IMF ... growth), high saving (and therefore ample liquidity), and a lack of alternative investment and property tax all work to promote excessive house price inflation,' said the IMF. The IMF proposed ...

  6. IMF meeting ducks currency war issue

    Posted Oct 12th 2010, 12:00am by Kevin Rafferty

    ... Kevin Rafferty Finance ministers and central bank governors in Washington at the IMF/World Bank annual meetings ended their discussions with much whimpering, and a whimper of a final ... responsibility, and persuade the United States to cool its rhetoric. On the critical medium-term question of the 'governance' of the IMF- meaning who gets to call the shots through ...

  7. IMF upbeat on recovery but warns of risks

    Posted Jul 09th 2010, 12:00am by Enoch Yiu

    ... and the rest of the world for the year. IMF chief economist Olivier Blanchard said a double-dip recession was unlikely but warned the European debt crisis had added downside risks to the recovery ... Kong Monetary Authority. The IMF has upgraded its projection for global growth to 4.6 per cent, up 0.4 percentage point from an estimate made in April. This is the first time the IMF has ...

  8. IMF backs call for new global reserve

    Posted Aug 10th 2010, 12:00am by Kevin Rafferty

    ... close to 85 against the greenback. Unfortunately, the IMF experts see their report as only the first baby-step towards the creation of an actual workable global currency to take the place of the dollar. Closer examination also reveals that Zhou may be right for all the wrong reasons. Reliance on the dollar is one intractable issue, but the IMF report makes it plain that the rapid rise ...

  9. IMF succession a chance for reform

    Posted Mar 31st 2010, 12:00am by Kevin Rafferty

    ... Europe's hegemony over the IMF. Let the best candidate be chosen irrespective of nationality, as Professor Barry Eichengreen put it last week. Ah, naive academics: the demand is both redundant- ... academics, think tanks and senior staff of the IMF can mount a brave, clever and cunning campaign, the prospects are that the big powers, this time including China, will huddle and name some ...

  10. WTO the best referee for currency disputes

    Posted Mar 23rd 2010, 12:00am by Kevin Rafferty

    ... at Massachusetts Institute of Technology and a senior fellow of the influential Peterson Institute for International Economics, says the WTO has important advantages over the IMF. One is that the IMF's exchange rate surveillance has failed to make a difference. More positively, the WTO has a tested dispute settlement board, which has proper evidence-gathering, assessment and adjudication ...




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