Comments on: Government Criticism of the IMF http://www.irisheconomy.ie/index.php/2009/04/28/government-criticism-of-the-imf/ Wed, 16 May 2012 23:34:00 +0000 http://wordpress.org/?v=2.6.3 By: Even IMF is against gov's NAMA scam - Page 2 - Politics.ie http://www.irisheconomy.ie/index.php/2009/04/28/government-criticism-of-the-imf/#comment-12440 Even IMF is against gov's NAMA scam - Page 2 - Politics.ie Mon, 17 Aug 2009 16:21:03 +0000 http://www.irisheconomy.ie/?p=1935#comment-12440 [...] advice from the IMF. Can you point out where the Government has taken advice from the IMF? http://www.irisheconomy.ie/index.php...sm-of-the-imf/ Last edited by EamonnZ; 2 Days Ago at 02:55 AM. Reason: Link [...] [...] advice from the IMF. Can you point out where the Government has taken advice from the IMF? http://www.irisheconomy.ie/index.php…sm-of-the-imf/ Last edited by EamonnZ; 2 Days Ago at 02:55 AM. Reason: Link [...]

]]> By: The Irish Economy » Blog Archive » Lenihan on the ECB and the Guarantee http://www.irisheconomy.ie/index.php/2009/04/28/government-criticism-of-the-imf/#comment-6335 The Irish Economy » Blog Archive » Lenihan on the ECB and the Guarantee Wed, 29 Apr 2009 21:04:17 +0000 http://www.irisheconomy.ie/?p=1935#comment-6335 [...] my earlier post on the government’s criticisms of the IMF, I left out what was probably the most interesting [...] [...] my earlier post on the government’s criticisms of the IMF, I left out what was probably the most interesting [...]

]]> By: Colum http://www.irisheconomy.ie/index.php/2009/04/28/government-criticism-of-the-imf/#comment-6282 Colum Wed, 29 Apr 2009 12:18:20 +0000 http://www.irisheconomy.ie/?p=1935#comment-6282 Karl / Brian: One of the key outcomes of the global financial crisis since early-2007 is that the CDS market itself is widely seen as dysfunctional and not an accurate representation of default risk. In essence it has become yet another bubble market where there is a wide (almost panicked) demand to buy CDS but very few sellers willing to write the insurance contracts (AIG left a very big hole to fill). One phone-call of enquiry is all that is required to raise the Irish CDS price in the market (no purchase required as it used to say on the cereal boxes). The proof of this is in the pricing of cash bonds in the secondary market (where real money is actually being put to work) and which indicates a much lower level of risk than currently implied in the CDS markets for financials, corporates and sovereigns. Perhaps someone should also tell the IMF. Karl / Brian: One of the key outcomes of the global financial crisis since early-2007 is that the CDS market itself is widely seen as dysfunctional and not an accurate representation of default risk. In essence it has become yet another bubble market where there is a wide (almost panicked) demand to buy CDS but very few sellers willing to write the insurance contracts (AIG left a very big hole to fill). One phone-call of enquiry is all that is required to raise the Irish CDS price in the market (no purchase required as it used to say on the cereal boxes). The proof of this is in the pricing of cash bonds in the secondary market (where real money is actually being put to work) and which indicates a much lower level of risk than currently implied in the CDS markets for financials, corporates and sovereigns. Perhaps someone should also tell the IMF.

]]> By: Marcus http://www.irisheconomy.ie/index.php/2009/04/28/government-criticism-of-the-imf/#comment-6258 Marcus Wed, 29 Apr 2009 08:41:56 +0000 http://www.irisheconomy.ie/?p=1935#comment-6258 Pat Donnelly = Jim Corr ??? Pat Donnelly = Jim Corr ???

]]> By: Pat Donnelly http://www.irisheconomy.ie/index.php/2009/04/28/government-criticism-of-the-imf/#comment-6245 Pat Donnelly Wed, 29 Apr 2009 02:19:04 +0000 http://www.irisheconomy.ie/?p=1935#comment-6245 The IMF is part of the problem. Which does not mean that it is wrong in what it says, it just means that it requires much scrutiny of its actions and advice. The World Bank is completely rogue. It is designed to impoverish and does this well. Please disregard the propaganda issued by both organizations. I am not an economist I am not an economist I am not an economist I am not an economist I am not an economist The IMF is part of the problem. Which does not mean that it is wrong in what it says, it just means that it requires much scrutiny of its actions and advice. The World Bank is completely rogue. It is designed to impoverish and does this well.
Please disregard the propaganda issued by both organizations.

I am not an economist
I am not an economist
I am not an economist
I am not an economist
I am not an economist

]]> By: LorcanRK http://www.irisheconomy.ie/index.php/2009/04/28/government-criticism-of-the-imf/#comment-6233 LorcanRK Tue, 28 Apr 2009 23:01:29 +0000 http://www.irisheconomy.ie/?p=1935#comment-6233 The government's disavowal of all things IMF means they'll be missing out on this great document from that organisation. http://www.imf.org/external/np/pp/eng/2009/041709.pdf The government’s disavowal of all things IMF means they’ll be missing out on this great document from that organisation.

http://www.imf.org/external/np/pp/eng/2009/041709.pdf

]]> By: Michael http://www.irisheconomy.ie/index.php/2009/04/28/government-criticism-of-the-imf/#comment-6231 Michael Tue, 28 Apr 2009 22:25:13 +0000 http://www.irisheconomy.ie/?p=1935#comment-6231 "Beyond all that, in light of our fiscal problems, is this really a good time for the government to be attacking the IMF?" With a set of elections on the way, then yes, it probably is a good time. “Beyond all that, in light of our fiscal problems, is this really a good time for the government to be attacking the IMF?”

With a set of elections on the way, then yes, it probably is a good time.

]]> By: Brian Lucey http://www.irisheconomy.ie/index.php/2009/04/28/government-criticism-of-the-imf/#comment-6222 Brian Lucey Tue, 28 Apr 2009 19:02:11 +0000 http://www.irisheconomy.ie/?p=1935#comment-6222 Karl One thing to note is that the CDS spreads now are more or less where they were in November. Lets just say that finance are probably feeling a bit sensitive these days what with all the attacks coming on them. Karl
One thing to note is that the CDS spreads now are more or less where they were in November.
Lets just say that finance are probably feeling a bit sensitive these days what with all the attacks coming on them.

]]> By: Calan http://www.irisheconomy.ie/index.php/2009/04/28/government-criticism-of-the-imf/#comment-6219 Calan Tue, 28 Apr 2009 18:35:04 +0000 http://www.irisheconomy.ie/?p=1935#comment-6219 -The Department of Finance disputes the IMF’s calculations, arguing they are based on a “more or less mechanical application of various modelling tools, with a heavy reliance on technical assumptions”.-Irish Times, April 23, 09. The Dept. of Finance is now attacking the basic methodology of economics. Wonder why? -The Department of Finance disputes the IMF’s calculations, arguing they are based on a “more or less mechanical application of various modelling tools, with a heavy reliance on technical assumptions”.-Irish Times, April 23, 09. The Dept. of Finance is now attacking the basic methodology of economics. Wonder why?

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