Systemic Crisis Requires Extraordinary Actions - Final US Legislation and European Measures Needed for Globally Coordinated Approach, says IIF
October 02, 2008
October 02, 2008
WASHINGTON, Oct. 2 -- The Institute of International Finance issued the following news release:
"Systemic, internationally coordinated responses by the authorities are essential at this stage to stabilize financial markets, requiring large if temporary use of government funds," said Charles Dallara, Managing Director of the IIF.
In a policy letter today from the IIF to the finance ministers and central bank governors meeting in Washington DC next week in t . . .
"Systemic, internationally coordinated responses by the authorities are essential at this stage to stabilize financial markets, requiring large if temporary use of government funds," said Charles Dallara, Managing Director of the IIF.
In a policy letter today from the IIF to the finance ministers and central bank governors meeting in Washington DC next week in t . . .