The IMF is set up to deal with liquidity crises. Download Download Share on Facebook Share on Twitter Rotate quotes crisis deal imf
Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply. Steve Hanke bankcontrarygreece Change image and share on social
Since China embraced Deng Xiaoping's reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an ever-depreciating phase against the U.S. dollar. Steve Hanke chinadecemberdeng share on social
Although floating and fixed rates appear dissimilar, they are members of the same freemarket family. Both operate without exchange controls and are free-market mechanisms for balance-of-payment adjustments. Steve Hanke adjustmentbalancecontrol share on social
Conservatives believe that international institutions such as the United Nations are anti-American and anti-Israeli cabals. Progressives do not like the economic medicine that the International Monetary Fund (IMF) and World Bank force down the throats of developing countries. Michael Ignatieff americanantibank share on social
The historical novelist has to consider what has actually happened, while the SF writer is dealing in possibilities, but they are both in the business of imagining a world unlike our own and yet connected to it. Pamela Sargent businessconnectdeal share on social
With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully. Lee Myung-bak crisiseconomicfinancial Change image and share on social
