About IMF Blogs

IMFBlog is a forum for the views of the International Monetary Fund (IMF) staff and officials on pressing economic and policy issues of the day.

The IMF, based in Washington D.C., is an organization of 190 countries, working to foster global monetary cooperation and financial stability around the world.

The views expressed are those of the author(s) and do not necessarily represent the views of the IMF and its Executive Board.

Terms of Use

This blog is a moderated forum that is subject to the IMF’s terms regarding Copyright and Usage and Privacy Policy. We expect blog users to stay on-topic, to use standard business language, and to refrain from offensive or defamatory language when posting, commenting, or linking to other websites. Users warrant to the IMF that their comments constitute their original works of authorship or do not infringe on any third party’s copyright or other proprietary rights. We may edit or remove posts or comments that do not comply with these terms. We also retain the right to disapprove trackbacks that we consider to be inappropriate.

Blog Reuse Policy

You are welcome to republish an IMFBlog. However, please attribute the piece to the author(s), and note that it was first published as IMFBlog, with a link to our blog.