The International Monetary Fund is at present examining the possibility of borrowing on private capital markets in order to meet its growing refinancing needs. Reservations concerning such a step have been voiced in particular by the oil-importing developing countries. Professor Konrad analyses...

Against the background of the present financial crisis Otmar Issing and Jan Krahnen, members of the expert commission advising the German government on issues relating to financial crisis prevention, have suggested the creation of a "global risk map" to be enhanced by a global credit register....