First, according to the IMF’s assessment, the systemic consequences of the turmoil are likely to be manageable with the fundamentals supporting strong global growth. The repricing of credit risks that is underway is a healthy correction and should not lead to a more serious market crash.
I should like to draw your attention to the following two items: first, the international financial architecture, an issue which was discussed in preparation for the forthcoming IMF Spring Meetings in Washington, D.C., and, second, the ECB’s information campaign for the introduction of the euro banknotes and coins.