BERKELEY The International Monetary Fund, many say, has had a good crisis.

The IMF has already been extraordinarily generous to the PIGs.

It became clear that the IMF has a crucial role to play in dealing with crisis induced instability.

CAMBRIDGE As the eurozone crisis continues to deepen, the International Monetary Fund may finally be acknowledging the need to reassess its approach.

But, as the IMF programs for Latvia and Ukraine suggest, the main difference may only be a smile.

China has the resources to cope with the current financial crisis. Foreign exchange reserves are an immense 1.9 trillion.

On that day, the International Monetary Fund published a policy note that reversed its long held position on capital controls.

The G 20 could not agree on coordinated fiscal stimulus or concrete steps towards banking reform. But it did coalesce behind the International Monetary Fund and provided it with additional resources.

Treating Al Qaeda

The ECB and the international community particularly the International Monetary Fund have tried to deal with the crisis by replacing the dearth of private capital with public credit.

The IMF s blind spot in dealing with Europe until now is only partly due to European voting power.

In a series of studies, IMF economists have stopped treating the issue as one of good versus evil, and have started treating it as a run of the mill economic choice capital controls have costs and benefits that can be measured and compared.

The new IMF needs to become more vocal on global financial stability issues. The IMF should see to it that there are no gaps in the surveillance of financial institutions.

Taking Systemic Risk Seriously

Realism about Russia

How are you going to manage it?

The IMF s Switch in Time

Pragmatisme Kebijakan Perubahan Iklim

A Cool Head for the Hottest Issues

Realism on North Korea

Business as Usual with Russia?

The Trouble with North Korea

Let s Get Real About Money

Smarter Thinking on Climate Change

Taking Disarmament Seriously

Taking Drug Safety Seriously

Keeping Calm on North Korea

The Nixon Option for Iran?

Addressing illegal international traffic

Handling the politics of change

But the European Union collectively has roughly 30 of the votes at the IMF, and can effectively veto a more forceful approach to the European banking system.

What about possible losses suffered by the Substitution Account? This can be dealt with by setting aside part of the IMF s large gold stock.

If you ask Asian leaders what would make them consider again approaching the Fund after their traumatic experience with IMF assistance in 1997 1998, they will answer an Asian managing director.

Indeed, it is probably the only player with the universal political and intellectual legitimacy to find a way forward on collective action to address financial globalization.

A New Macroeconomic Strategy

This is Sami's style of doing things.

A New Approach to North Korea

China s North Korean Contradictions

But this problem is easily negotiated.

Reasoning with Iran

The End of an Era in Finance

I took my money and decided to find another smuggler to deal with.

They trust their government to deal with problems over time.

Mint does the same for my financial data WellnessFX for my blood biomarkers.

The political humiliation and economic frustration of dealing with IMF imperatives confirmed the central importance of maintaining large reserves, as an issue not just of currency stability, but also economic sovereignty.