Weber attacks international financial safety net concept

weber

Axel Weber, the former president of the Bundesbank, on Monday warned against replacing ad hoc swap lines with a more permanent liquidity mechanism headed by the International Monetary Fund (IMF), saying it risked creating further moral hazard.

At his Per Jacobsson Foundation Lecture entitled: 'The IMF and the International Monetary System: Lessons from the Crisis', delivered in Washington, DC, Weber said central banks' reaction to the systemic crisis had been "swift" and "well co-ordinated", and

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: