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IMF Head Lagarde Should Be Tried in France in Tapie Case - Prosecutor

A French prosecutor on Friday recommended to reject Managing Director of the International Monetary Fund (IMF) Christine Lagarde’s last appeal against trial over her potential involvement in a multimillion-euro government payment to businessman Bernard Tapie, local l’Alsace magazine reported.

Central Bank Coordination as BS; Targets vs Instruments.

Imagine you are at an international policy conference. Someone says "Central Banks need to coordinate their monetary policies better". You nod your head wisely in agreement, along with everyone else. Because you know that what one central bank does affects...

Is Brexit All Bad For Deutsche Bank?

Less than a week after British voters decided to leave the European Union, the International Monetary Fund issued a report Wednesday stating that Germany’s largest bank may also be the largest contributor to systemic risks among the largest lenders globally. “Deutsche Bank appears to be the most important net contributor to [...]

Syria Will Need Some $200Bln for Post-War Restoration - IMF

Syria will require some $200 billion just for the purpose of restoring the infrastructure ruined during the five years of military conflict, the International Monetary Fund (IMF) said in a report.

Guilty! Abby Lee Miller Faces Almost Three Years In Prison After Plea Deal

Abby Lee Miller has accepted a plea deal and said she was guilty to one count of not reporting an international monetary transaction and one count of concealing bankruptcy assets… READ ON

Sliding back to the gold standard?

When the Bank of International Settlements was created in 1930, it was hoped that it would provide a progressive voice on monetary policy, pushing back against the passivity of the Fed and the Bank of France.  Commenter Emerich directed me to a new report out by the BIS.  I don’t know what sort of term […]

Structural reforms on the way to a complete Economic and Monetary Union

Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the International Conference on Structural Reforms in Advanced Economies, Hertie School of Governance, Berlin,17 June 2016 Introduction Many people would like central bankers to remain quiet about the need for structural reforms. Show More Summary

IMF Head: Central Banks Did Good Job After Brexit

The central banks around the world have done a good job regarding the United Kingdom (UK) referendum vote on the exit from the European Union (EU) and have been prepared for such a scenario, head of the International Monetary Fund Christine Lagarde said Sunday.

New York Times Tells Readers that the Bank of International Settlements Is Still Complaining About Low Interest Rates

Back in 2011 the Bank of International Settlements (BIS) began warning of the risks of run away inflation associated with the expansionary monetary policy being pursued by the Fed, the European Central Bank and other central banks. It is still making these warnings. Show More Summary

A Plea for Rapid Resolution of the Brexit

The International Monetary Fund’s Christine Lagarde asks leaders to proceed in “the most efficient, predictable way.”

IMF's Lagarde: markets got 'Brexit' vote wrong, but did not panic

WASHINGTON (Reuters) - Financial markets "vastly underestimated" the outcome of Britain's vote to leave the European Union but did not panic on Friday, International Monetary Fund Managing Director Christine Lagarde said on Sunday. "There...Show More Summary

"The Global Economy Can No Longer Rely On Debt" - BIS Warns Central Bank Actions "Have Started To Backfire"

It's late June which means it is time for the annual warning by the Bank of International Settlements about the growing futility of monetary policy and central bank impotence. Exactly one years ago, the BIS asked "Of What Use Is A Gun With No Bullets?", in which the BIS said central banks are defenseless against the coming crisis. Show More Summary

Brexit Vote Shows Power of Populist Nationalism – Former IMF Official

The British decision to leave the European Union appeared part of a wave of populist anger rejecting international cooperation in favor of nationalism, retired International Monetary Fund (IMF) economist Jon Shields told Sputnik.

Lagarde: UK, EU Should Ensure Smooth Transition to New Economic Reality

The International Monetary Fund (IMF) urges the government of the United Kingdom and the European Union representatives to make sure the transition to new economic relations in the region is smooth, IMF Managing Director Christine Lagarde said in a statement on Friday.

IMF: The US will solve its growth problem when it solves its poverty problem

The International Monetary Fund released a preliminary report on Wednesday that predicted the US economy will grow 2.2% this year, and 2.5% in 2017. But the report also warned of a dangerous “confluence of forces” in the US that could...Show More Summary

International Monetary Fund warns the US over high poverty and rising inequality

last weekNews : The Raw Story

The International Monetary Fund warned the United States Wednesday over poverty and rising inequality in the country, saying both could hold back its economic potential. The IMF cut its outlook for US economic growth this year to 2.2 percent, compared to 2.4 percent forecast at the beginning of the...

IMF Urges US to Ratify TPP, Conclude Trade Deal With Europe

The International Monetary Fund recommended Washington to ratify the TPP agreement and conclude a trade deal with the EU.

IMF Downgrades 2016 US Economy Growth Forecast to 2.2% From 2.4%

The International Monetary Fund downgraded the growth forecast for the US economy in 2016 to 2.2 percent from 2.4.

IMF says U.S. should raise minimum wage, offer paid maternity leave and overhaul taxes

The International Monetary Fund downgraded its forecast for the U.S. economy this year and said America should raise the minimum wage to help the poor, offer paid maternity leave to encourage more women to work and overhaul the corporate tax system to boost productivity. In its annual checkup of...

IMF sees U.S. economy in 'good shape', too many in poverty

WASHINGTON (Reuters) - The International Monetary Fund said on Wednesday that the U.S. economy was "overall in good shape", with growth set to accelerate from recent setbacks despite an overvalued dollar, but the Fund warned that too many Americans were living in poverty. Show More Summary

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