IIF calls for accord to fix imbalances

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A trade body for the banking industry on Monday called on leading economies to coordinate exchange-rate, fiscal and monetary policies in a bit to stem widening global imbalances.

The Institute for International Finance (IIF), a bankers' trade body, said it was imperative for G20 leaders meeting in Seoul in early November to agree on steps to alleviate exchange-rate "misalignments" and on structural remedies to boost domestic demand in surplus countries.

"China's move to liberalise its currency r

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