Tag Archives: IMF

Simon Johnson: Is Europe on the Verge of a Depression, or a Great Inflation?

From the New York Times The news from Europe, particularly from within the euro zone, seems all bad. Interest rates on Italian government debt continue to rise. Attempts to put together a “rescue package” at the pan-European level repeatedly fall behind events. And the lack of leadership from Germany and France is palpable – where […]

S.P. Kothari: India’s Faltering Boom, and How to Revive It

From Forbes.com  As the U.S. and Europe teeter on the edge of a devastating double-dip recession, India’s economic boom—once considered a bright spot in an otherwise bleak global financial landscape—is also showing signs of weakness. The International Monetary Fund recently cut its growth projection for India, warning that the country was perilously close to double-digit […]

Low Bank Capital Is Next Fiscal Crisis: Simon Johnson

From Bloomberg News The summer debate that has dominated Washington seems straightforward. Under what conditions should the U.S. government be allowed to borrow more money? The numbers that have been bandied about focus on reducing the cumulative deficit projection over the next 10 years, as measured by the Congressional Budget Office. But there is a serious drawback to […]

Europe Needs Trichet’s Unified Finance Ministry: Simon Johnson

From Bloomberg News Jean-Claude Trichet, president of the European Central Bank until October, last week floated two proposals aimed at dealing with Greece and related eurozone public-debt problems. The first idea would allow European Union authorities to override the policy decisions of member governments that can’t come up with sustainable budgets, implying the creation of […]

Emerging Markets May Name Strauss-Kahn’s Heir: Simon Johnson

From Bloomberg Even before the shocking events of the past few days, the international policy community had been contemplating a successor to Dominique Strauss-Kahn at the International Monetary Fund. Strauss-Kahn, the IMF managing director, was expected to begin campaigning soon for the presidency of France. Now, whatever happens in the New York legal system as he defends […]