IMF's Krueger on economic policy reform

In the speech 'Mutual reinforcement: Economic policy reform and financial market strength' given on 1 December Anne Krueger of the IMF said for economists and policymakers, the experience of the 1990s taught us a great deal.

"Of course, we learned that reliance on fixed exchange rates can make economies vulnerable in the event of crisis [and most emerging market economies have, as a consequence, adjusted their exchange rate regime]. We learned that in an increasingly integrated world economy a

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