{"id":529,"date":"2008-10-08T20:14:41","date_gmt":"2008-10-08T20:14:41","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=529"},"modified":"2008-10-09T06:38:42","modified_gmt":"2008-10-09T06:38:42","slug":"imf-global-financial-stability-report","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/imf-global-financial-stability-report\/","title":{"rendered":"IMF Global Financial Stability Report"},"content":{"rendered":"<p>Here&#8217;s the IMF&#8217;s timely <a href=\"http:\/\/www.imf.org\/external\/pubs\/ft\/gfsr\/2008\/02\/index.htm\">Global Financial Stability Report -Financial Stress and Deleveraging <\/a><span class=\"h1Smallest\"><a href=\"http:\/\/www.imf.org\/external\/pubs\/ft\/gfsr\/2008\/02\/index.htm\">Macro-Financial Implications and Policy<\/a>.<\/span><\/p>\n<p>And their media release <a href=\"http:\/\/www.imf.org\/external\/pubs\/ft\/survey\/so\/2008\/NEW100708A.htm\">warning about a failure to act decisively<\/a>.<\/p>\n<p>This attitude may well be destructive given that the whole nature of the financial system must change fundamentally.\u00a0 Knee jerk reactions tend to be unproductive.\u00a0 This can be seen in real time, when a bail-out or rescue package is unveiled only to see the stock market drop again as fear returns to the market.<\/p>\n<p>The message that something is being done needs to be communicated.\u00a0 But that something needs to be fundamentally focussed on raising transparency and trust.<\/p>\n<p>While the utility of money as a means of communicating and exchanging value is irreplaceable, the integrity of people in the system must be improved, from the big swingers who flog financial sophistication to the consumer in the street who decides what they buy. Self-discipline and modesty would be a good start.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s the IMF&#8217;s timely Global Financial Stability Report -Financial Stress and Deleveraging Macro-Financial Implications and Policy. And their media release warning about a failure to act decisively. This attitude may well be destructive given that the whole nature of the financial system must change fundamentally.\u00a0 Knee jerk reactions tend to be unproductive.\u00a0 This can be &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/imf-global-financial-stability-report\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">IMF Global Financial Stability Report<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[27],"tags":[],"class_list":["post-529","post","type-post","status-publish","format-standard","hentry","category-economy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-8x","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=529"}],"version-history":[{"count":0,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/529\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}