Daily Archives: October 9, 2008

By Dominique Strauss-Kahn

Some weeks ago, I published an appeal for a comprehensive policy solution that spanned the core problems in the financial sector (ie, lack of liquidity in markets, doubts about the value of troubled assets and a clear shortage of capital) and spanned financial markets around the world (ie, not just a few money centres). Although a great many policy actions have since been taken, they have been neither comprehensive nor global. Indeed, the approaches taken have been so varied and inconsistent, especially with regard to deposit guarantees, that they are intensifying problems for other countries. It should come as no surprise then that market confidence has not been restored. Read more