IMF’s Credit Crisis Report

A guest post by Ian McAllister

The International Monetary Fund recently released its assessment of world economies and its outlook for 2008 and 2009. In addition to its estimates of unprecedented potential losses--totaling almost a trillion dollars--the report offered a gloomy picture for recovery later this year. More influential may be the report's calls for improved regulation of our increasingly complex financial system.

Snapshot asks, does the IMF have any impact on the regulatory environment in the United States or EU?

IMF Report, Chapter 2 - Structured Finance, Executive Summary
Financial Times - A Risk Shared May Be More Risky
Economist - Fixing Finance
Deutsche Bank - Dr. Josef Ackermann Leads Debate on Globalized Regulation
Financial Stability Forum - Interim Report to G7 Finance Ministers