tagged w/ International Money Fund
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September 22, 2009
Monetary policymakers should consider leaning against credit market cycles
Central banks’ mandates and tools may need to be expanded
But broader approach would be challenging to implement
Monetary policymakers should consider doing more to counter credit market cycles to reduce risks of damaging asset price busts, according to a new IMF study after the worst financial market slump since the Great Depression.
CLICK FOR FULL ARTICLE......September 22, 2009
Monetary policymakers should consider leaning against credit... more
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September 21, 2009
Nature of financial linkages, trade ties, played key role in how crisis spread
Policy responses broadly similar but shaped by institutions, policy settings
Shortfall in demand presents key risk to recovery
Integrated financial and banking systems and close trade ties were major factors in spreading the worst financial crisis in 60 years, a new IMF study finds.
CLICK FOR FULL ARTICLE.....September 21, 2009
Nature of financial linkages, trade ties, played key role in... more
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Access exchange rates of all member countries' currencies against the IMF's SDRs [Special Draw Rights]
Euro/USD exchange rate>>>>>>>>>>>IMF SDR/USD 0.6322330000 [Sept 15, 2009]
1 USD = 0.680041Euro [latest @ 7:43 a.m. pst, Sept 18, 2009]
http://www.x-rates.com/d/EUR/USD/graph120.html
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Euro/BRZ Real>>>>>>>>>>>>>>>>>>IMF SDR/Real 0.3475910000 [Sept. 15, 2009]
1 Real = 0.37635 Euro [latest @ 7:47 a.m. pst, Sept 18, 2009]
http://www.x-rates.com/d/EUR/BRL/graph120.html
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SDR/Euro
1 Euro = 0.9237560000 SDRAccess exchange rates of all member countries' currencies against the IMF's... more
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Dominique Strauss-Kahn,
Managing Director, IMF
IMF Reform:
Zero % interest to member countries till end of 2011 [21:18-22:20]
3 Newly Designed Credit Facilities 22:45-30:00
a)Extended Credit Facility [more traditional; terms]
b)Standby Credit Facility [for low-income counries; assured borrowing on precautionary terms]
c)Rapid Credit Facility [natural disaster or external shock for smaller amounts]
"New flexible approach to leanding- a Facility for all seasons" Dominique Strauss-Kahn 26:08
SUMMARY 32:00-36:10
Q&A 36:10->
CLICK FOR FULL VIDEO..... 1:24:04Dominique Strauss-Kahn,
Managing Director, IMF
IMF Reform:
Zero % interest to... more
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Sunil Ram: Military ruling class is dependent on international aid that is now in jeopardy. Part 1
While financial markets crumble worldwide, Pakistan is in the grips of a terrible economic crisis which threatens to destabilize the country. Pakistani officials have reached out to its richest allies for support, China, Saudi Arabia and the United States. All three countries, dealing with economic woes of their own, have denied this request, leaving the country to negotiate an emergency loan from the IMF. Sunil points out that the other major source of income for the Pakistani military leadership is the drug trade, a practice that is made possible by the billions in aid that the leadership receives from foreign governments every year.
Sunil Ram is a military and security expert with Alexis International, an international consulting firm. He is the Contributing Editor of SITREP, the private defense journal of the Royal Canadian Military Institute, and has served in the Canadian Forces as both a soldier and officer between 1980-86 and 1997-99. Sunil also served as a military adviser to the Saudi Royal Family for over ten years, including involvement in the 1991 Gulf War and the Yemeni conflict in the 1990s. He has won a series of awards, including the UN Global Citizen Award presented to him in 1995 by the UN. He has also published a variety of articles and books and has had columns on military affairs published in newspapers, such as Canada’s Globe and Mail.
See Part 2 at: http://current.com/items/89462939_drugs_and_the_pakistani_military
Sunil Ram: Military ruling class is dependent on international aid that is now in... more
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