Wednesday, February 16, 2011

Nationality of banks matters; the IMF's psychodrama has published two interesting articles.

The first one argues that nationiality of foreign banks matters, something which only now after the crisis is closer to mainstream thinking.

The second one provides a nice overview of the recent report by the Independent Evaluation Office on why the IMF failed to anticipate the crisis. Fascinating read. As former IMF staff member, I couldn't agree more.