Monday, November 17, 2008


Picture credit: G20 communique via Wordle

World leaders at the G20 meeting labored mightily... and brought forth a communique! It remains to be seen what measures the various governments will take, and how well they will be able to mitigate the financial pain that is occurring...

G20 Communique
What G20 leaders must do to stabilize our economy and fix the financial system - a collection of essays by leading economists from around the world on what the G20 leaders should do this weekend. Four priorities are identified: nations should act quickly to strengthen and coordinate their firefighting responses; they should immediately reinforce the IMF’s ability to fire-fight the crisis as it spreads to emerging markets and vulnerable developing nations; they should 'above all, do no harm'. Finally, they should start 'thinking outside the box' when it comes to long-run fixes.

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