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July 01, 2007

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Mali

It's difficult to see how the Europeans would give up this tradition when the US has recently held on to its World Bank president post...

Anyway, I am wondering what's your thought on the new IMF decision on exchange rate surveillance (I just saw in this blog that you are working on a paper about RER and growth). Basically now for each country's report, Fund staff have to provide a view whether the exchange rate is misaligned, and by how much, according to various methods/measurements (which the results sometimes vary in great magnitude and direction).

Emmanuel

The changes mentioned by Mali regarding Article IV demonstrate to me at least that those who claim the IMF serves America's interests have a good point. Really, does it matter who is chosen to be the next IMF head if we get the same, America-friendly bias? I am no fan of China's currency shenanigans, but when the playing field is tilted so obviously in America's favor, it makes you wonder:

http://ipezone.blogspot.com/2007/06/is-imf-americas-lackey.html

Also, don't forget that increased IMF "concern" over sovereign wealth funds echoes the US line. The IMF parrots Washington; what else is new?:

http://ipezone.blogspot.com/2007/06/scrutinizing-sovereign-wealth-funds.html

Cho

As a Zambian I naturally prefer the Zambian born Stanley Fischer. Its the closest we can get to an "African" being in charge of this important institution :)

Mauricio Santoro

Dear prof. Rodrik,

I worked for a brief time for Fraga, in the publish house he owned during a few years.

Let me add to his qualifications that he has a great taste for books. For example, he published Charles Kindleberger´s "Manias, Panics and Crashes" in Brazil.

And of course, he did a good job in the Brazilian Central Bank, in a very, very difficult moment in my country´s recent history.

Regards,

Per Kurowski

Given that all central bankers are basically the same no matter where they come from; since otherwise they would not be allowed to belong to that exclusive club of mutual admiration of the central bankers of which the IMF is their main clubhouse, I really do not care where the IMF chiefs comes from. In this respect I would not mind a bit having a non central banker extraordinaire being the IMF chief, even if he was from Europe, as that would at least bring in some diversity to counter all those central banker directors, central bank staff and central bank messenger boys.

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