Mr. Rodrik's call for stronger national regulation is, in my eyes, (somewhat) correct. Context requires nuanced solutions beyond those that a blueprint framework can provide: this applies from everything from finance to film. His skepticism is healthy, but I remain more hopeful than he that these reforms are at least a step in the right direction. International finance may not be safe, but was it before this mess?
Sunday, April 12, 2009
Failsafe finance?
Dani Rodrik agrees that the IMF is changed, but does not agree that the Fund is now a true lender of last resort.
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