IMF should monitor stability: Riksbank's Ingves

Stefan Ingves, the governor of the Riksbank, called for the International Monetary Fund (IMF) to be given a greater role in promoting financial stability.

"Some argue that we need to develop new institutions to deal with the aftermath of the financial crisis. They are wrong. We already have the IMF," Ingves said on Friday. "With its global membership, it is ideally suited to be a platform for drawing firm conclusions from the crisis on what can be done to prevent such crises in the future."

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