The answer is that the role of the IMF must be to promote a well-functioning, market-based, international financial system. By "well-functioning," I mean a financial system that is both efficient and stable, so that markets can do their job in allocating savings to investments through the pricing of capital, and in smoothing economic adjustments through movements in relative prices.
Important advances in the measurement and management of credit risk have been developed that community bankers should probably consider for their own use in the coming years. There are no magic bullets here, but community bankers may find that these advanced techniques provide useful tools and concepts that can reinforce existing disciplines in the credit management process.