Dario Pedrajo
Dario Pedrajo
controls credit crisis emergency emerging fiscal good investors lines market monetary policeman
Investors see the IMF as a policeman who controls good fiscal and monetary policies. When a crisis hits, emergency credit lines from the IMF are what makes emerging market investors more comfortable.
declined deficit fiscal monetary ratings spending
Those ratings have come from fundamental improvements in monetary and fiscal policy. Deficit spending has declined considerably in emerging-market countries.