But we have not yet arrived at final conclusions. Sometimes it seems that this is only a matter of crisis solution. In fact, however, it is not. It is, in my view, predominantly a matter of crisis prevention. That is because the manner of operating in the event of crisis has a crucial influence on expectations.
These, in turn, determine the actions of investors at a very early stage and thus the scale of the risks and of susceptibility to crisis. Short-term financial assistance from the IMF in the event of crisis may be essential, both for the countries directly affected and, as a result of contagion, for the rest of the world.