扩大国际货币基金组织的贷款规模是错误的

剑桥-当全球金融危机从发达经济体向新兴市场扩散的时候,它不只破坏了像委内瑞拉、俄罗斯和阿根廷这样的国家治理受到挑战的经济体,还有其他的经济体。金融危机也打击了像巴西、韩国和南非这样的国家,这些国家似乎在宏观经济稳定方面取得了重大和持久的进步。因此,当世界各国领导人准备于十一月中旬在华盛顿开会讨论全球金融系统的未来的时候,国际货币基金组织未来的形态正在迅速成为这些领导人的会议的首要议题。

仅仅在不久之前,因为国际货币基金组织既没能现代化其以欧洲为中心的政治架构,也没能现代化其神秘的政府对政府的借贷工具,它似乎在较长的一段时间内变得和当前的金融危机毫不相干。接着,突然,国际货币基金组织已经作为似乎是能够阻止当前绑架新兴市场股票和债券的恶性下降螺旋趋势的唯一机构,来到了舞台的中心。

 国际货币基金组织准备在全球金融危机的下一阶段起带头作用,即使其大约2500亿美元的贷款对阻止金融危机当前在新兴市场的扩散来说,并不够,但是,世界各国领导人仍然应该对此感到高兴。单单新兴市场的公司在接下来的12个月里,就有几千亿美元贷款到期,如果信贷市场不能正常化,这个数字就会远远超过它们的政府储备。

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