fatvegan

I found an IMF article suggesting what I suggested last year. They reckon you need an institution that evaluates borrowers not just on the the credit risk, but on the degree to which the leaders of that country speak for the people. I think it's a brilliant idea, and there's no reason why you couldn't apply it retrospectively, since it's not about justice for the banks, it's about future efficiency. Besides, the banks should have done the same thing themselves decades ago.

I don't know how encouraging it is that I found that on the IMF website. Finance and Development (their quarterly magazine) seems to be a lot more flexible than the rest of the IMF. The article was written by a professor of economics at Harvard anyway, and everyone knows university professors are all hippies.