IMF’s Min on Fund’s role in safeguarding systemic risk
Min Zhu, a special adviser to the Managing Director of the IMF, outlined the future role of the Fund within the global economy at a seminar in June.
The comments were published on 4 August.
"In advanced economies, during 2000-09, M2 doubled from $4.5 trillion to more than $9 trillion and reserve money tripled from $600 billion to more than $1.8 trillion," he said. This liquidity was causing capital inflows and interest rate differentials between advanced and emerging economies, he said, which
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