The Group of 20 finance ministers and central bankers will finalize specific measures to use to gauge mismatches or imbalances between export-oriented, creditor nations and consumption focused, debtor economies, a senior U.S. Treasury official said Tuesday.
G-20 leaders will meet Friday in Washington on the sideline of the International Monetary Fund spring meeting. This technical focus on measurement is important to help policymakers think about global imbalances in the same way, the official said.
They will be used as a yardstick to decide what imbalances need to be examined over the next seven months before the G-20 leaders meeting in November, the official said. "This is a big move forward," the official said. Global imbalances were seen as a major factor in the financial crisis.
Source: http://www.marketwatch.com
G-20 leaders will meet Friday in Washington on the sideline of the International Monetary Fund spring meeting. This technical focus on measurement is important to help policymakers think about global imbalances in the same way, the official said.
They will be used as a yardstick to decide what imbalances need to be examined over the next seven months before the G-20 leaders meeting in November, the official said. "This is a big move forward," the official said. Global imbalances were seen as a major factor in the financial crisis.
Source: http://www.marketwatch.com
No comments:
Post a Comment