المساعد الشخصي الرقمي

مشاهدة النسخة كاملة : البنك الدولي "يشير" الى احتمال تدخل لصالح الدولار



Ramsey
05-07-2002, Fri 12:58 PM
July 5, 2002 Posted: 0643 GMT

LONDON, England (CNN) -- The International Monetary Fund could ask central banks across the globe to intervene to halt the rapid decline of the dollar, said IMF Managing Director Horst Koehler.

In an interview in the Financial Times, Koehler said he was cautious about advocating intervention but, if the dollar were to fall rapidly and in a disorderly fashion, "no intervention at all is not the right answer.''

The U.S. dollar, which has fallen by about 12 percent this year, has come under pressure amid nervousness about the state of the world's biggest economy. But the current U.S. administration would prefer the market to determine the level of dollar and is opposed to intervention.

The last time exchange rates were coordinated was in September 2000, when the European Central Bank, the U.S. Federal Reserve, the bank of Japan, the Bank of England and the Bank of Canada bought euros to prop up the ailing single euro zone currency.

Koehler told the FT newspaper the dollar had been overvalued and welcomed its decline but doubted the dollar would go into freefall, because Europe was not yet an alternative to the United States as a source of growth and demand for capital.

"The U.S. economy is more flexible than others, which makes us believe that the US economy may rebound strongly," he was quoted as saying.

Threats to financial stability were not confined to developing or poor countries, he said, citing the demise of energy trading company Enron and telecommunications group WorldCom as factors undermining confidence.

Koehler was confident weakness in international stock markets could be overcome, although he recognised that the equity slump was due to exaggerated euphoria in the late 1990s.

Pointing to the underlying strength of financial sectors, he said he expected old economy stocks to demonstrate "their solidity in terms of accounting and good corporate governance,'' the FT said.

Koehler warned the role of governments and the IMF was not to bail out the private sector in periods of financial difficulty. "We can't have a world where excessive profits are reaped and then, all of a sudden, the IMF or states have to repair the damage,'' he told the FT.


المصدر (http://europe.cnn.com/2002/BUSINESS/07/05/imf.dollar/index.html)