Stress-testing Europe's banks - and other PIIE interviews

The Peterson Institute for International Economics in Washington DC, where I have been a part-time visiting fellow since October 2009, published this interview conducted by Steve Weisman, in which I come back on the need for the EU to transparently stress-test its most important financial institutions in order to address the current banking fragility that impairs both Europe's financial stability and its future growth prospects.

Previous interviews, also by Steve Weisman, include:

- "A New US-European Rift on Financial Regulation" (15 March 2010)

- "A Stress Test for the Euro?" (3 March 2010)

- "Europe's Struggle to Recover and Reform" (26 January 2010)

- "Should the Fed be Stripped of its Regulatory Authority?" (4 December 2009 - jointly with Joseph Gagnon, Morris Goldstein and Ted Truman)

Comments

[nursing tops]

The IMF and the international community should do more to create normative rules for the appropriate level of reserves in emerging-market and developing countries and develop with its members a code of good practice for prudential capital controls