The International Monetary Fund has long been the “lender of last resort” for economies in crisis. Christine Lagarde, who runs the institution, would like to prevent those crises from ever happening. She tells us her plans.
In 2005, Raghuram Rajan said the financial system was at risk “of a catastrophic meltdown.” After stints at the I.M.F. and India’s central bank, he sees another potential crisis — and he offers a solution. Is it stronger governments? Freer markets? Rajan’s answer: neither. To find out more, check out the podcast from which this hour was drawn: “This Economist . . .
The International Monetary Fund has long been the “lender of last resort” for economies in crisis. Christine Lagarde, who has led the institution since 2011 and will step down to head the European Central Bank later this year, has tried to prevent those crises from ever happening. To find out more, check out the podcasts from which this hour was drawn: . . .
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