IMF's Krueger: Financial crises need fast response

Countries can suffer financial crises rapidly, requiring an immediate response, the acting head of the International Monetary Fund Anne Krueger said Wednesday 2 June in San Diego.

Speaking to the Pacific Council in California, IMF Acting Managing Director Anne Krueger said nations can have capital account crises even if their macroeconomic policies are sound, particularly when their creditors believe stable policies will not be sustained.

When a financial meltdown is imagined by investors, the