The IMF as currency referee

During the meeting between the IMF and the World Bank, ministers of finance from several countries asked the IMF to set up rules to prevent a so-called currency war. These rules are necessary because some countries, for example China, stimulate their own economic growth in a way that damages foreign economies. The IMF should be some sort of referee that tells the countries their do’s-and-don’ts. So there would be one big institution that makes sure that the governments don’t only protect their inland economy, but also help the world economy.

(http://www.tijd.be/nieuws/politiek_-  economie_internationaal/IMF_moet_valuta-oorlog_proberen_ontmijnen.8972241-3466.art?ckc=1)

Bert Aelter