U.S. Assets at Work, Unsupervised
Most Americans paid no attention last weekend when the International Monetary Fund announced it was well on its way to roughly doubling the money that it can lend to troubled countries — what the organization calls a$430 billion increase in the “global firewall.”
The United States declined to take part in this round of fund-raising, so the monetary fund has instead sought commitments from Europe, Japan, India and other larger emerging markets.
About the Author
Professor of Entrepreneurship, MIT Sloan School of Management
Simon Johnson is the Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management and a Professor of Global Economics and Management at the MIT Sloan School of Management. He is also a senior fellow at the Peterson Institute for International Economics in Washington, D.C., a co-founder of BaselineScenario.com (a much ...