IMF surveillance of the economic situation was characterised by over-confidence in the soundness of large financial institutions. The risks associated with housing booms and financial innovations, subsequently called toxic assets, were downplayed.
The report includes somestriking criticism of the IMF's performance ahead of the crisis. The agency provided few clearwarnings about the risks, the report says.
The IMF's managing director Dominique Strauss-Kahn welcomed the report, which he said puts forward many constructive ideas and isconsistent with the Fund's own analysis.
The IMF has had a central role in responding to the crisis, withemergency loans and other assistance for some countries.
The IMF has a continuing role in dealing with the financial problems in the Euro area, where it is providing loans to both Ireland and Greece.
发表于 2011-6-26 16:28
| 
发表于 2011-7-10 23:52
|