IMF- euphemism at its best

Euphemism is basically double standards. I read this IMF GFSR April 2008 third chapter titled “Market and Funding Illiquidity: When Private Risk Becomes Public” . The summary is here.

IMF has very cleverly and neatly replaced the word bailout/central bank intervention by saying “When private risk becomes public” 🙂 

Overall it is a nice chapter on how different kinds of liquidity mechanisms are at work and how comples things have become. For a primer on liquidity see this primer as well.

One Response to “IMF- euphemism at its best”

  1. Is this Finance or Greek? « Mostly Economics Says:

    […] it leads to higher uncertainty. One can only solve a mess (read the government/ regulators or in IMF’s euphemism public sector) if one understands it. Right now it is rocket science at its best. This was the shareholder […]

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: