Now we have pooled monetary policy so it is considerably complex for the IFM dictate discipline to some country without saying anything on the monetary policy. Still, this is the other “macro-lever” of the IMF. Handelsblatt: Are you in favour of a European Monetary Fund?
6  BIS central bankers’ speeches  to financial stability considerations, and have been running well ahead of the minimum schedule announced in February 2013. 5. Cost of crisis  The question: “What was the cost of the crisis?” is far from unambiguous. Cost of what aspects? Cost to whom? Compared to what?