| Topic : Leadership through Challenging Times |
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Posted in Community :
Entrepreneurs: Success Stories
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Activity:
13 views;
last activity : 07 06 2010 20:18:09 +0000
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1
Bring back lost Trust
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Cooperation Mecahnism
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Monetary and Systems
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What happend after global finance crisis is that nobody is trusting each other. This can be understand by seeing slownest of recovery of US economy. Billions of US$ were pumped in US economy however credit off take is very low, no one is ready to lend in spite of 0% federal rate. Leaders main job is to bring back lost trust. |
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I think leaders want cooperation mechanisms to enhance information sharing, policy exchange, and pragmatic cooperation on supervision and management in the financial sector and effectively monitor, prevent and respond to financial risks to ensure sustained, stable and sound economic growth
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I could say that they have to undertake effective and comprehensive reform of the international monetary and financial systems and appropriate initiatives in this respect, in consultation with all stakeholders and the relevant international financial institutions.
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