Rather, we need to understand them. All in all, I propose that we formulate this aim in a way that is understandable, forwardlooking and realistic. [11] In future, we should tailor our monetary policy communications more closely to the general public.
These issues are far from settled and there is certainly no acceptance on the part of the private sector, in general, that they should be bailed-in. But, having shifted its position quite a bit over the past couple of years, the IMF is working quietly and steadily to establish precedents - and case studies - for how this might occur.