New Financial Instruments/Profitability of Banks
Why a stimulus package must be part of any effective rescue plan
By: Wolfgang Münchau
This crisis is not over by a long shot. Numerous feed-back loops between the financial system and the real economy will ensure that this crisis will continue for quite some time. In particular, these feedback loops also suggest that the optimal policy response consists of simultaneous financial and economic stabilisation.
Calling for the Plumber
By: Satyajit Das
Central bankers and finance ministers have found themselves in the position of Woody Allen: " Not only is there no god but try getting a plumber of weekends."
No, this is not going to work
By: Wolfgang Münchau
I respectfully disagree with the financial markets. These plans, in the way they have been drafted, raise serious issues for long term financial and monetary stability.
Can the IMF Save the World?
By: Barry Eichengreen, University of California, Berkeley
Only if the IMF comes up with some new ideas.








