mercoledì 13 aprile 2016

# p-trade: a completely counter-cyclical institution

<<  Knowledge@Wharton:  Of  all  the  things  that  you  do  herewhat  are  you  most passionate  aboutWhat  would  you  really  like  to  make  sure  happensIt  could  besmall  thingit  could  be  a  large  thingWhat  is  it  that  really  has  your  heart?

LagardeThat’s  complicated.  I  think  it’s  this  issue  of  relevance  …  that  is  of  real concern  to  me.  You  seethis  is  a  very  fascinating  institution  because  it’s completely  counter-cyclicalWhen  the  world  around  the  IMF  goes  downhillwe thriveWe  become  extremely  active  because  we  lend  money,  we  earn  interest and  charges  and  all  the  rest  of  it,  and  the  institution  does  wellWhen  the  world goes  well  and  we’ve  had  years  of  growthas  was  the  case  back  in  2006  and 2007, the IMF doesn’t do so well both financially and otherwise. >>

Knowledge@Wharton. Christine Lagarde: Emerging Market Nations Will Get More Power in the IMF. Apr 03,  2012

Tyler Durden. IMF’s Christine Lagarde: “When The World Goes Downhill, We Thrive. Global Research, April 03, 2016


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