Strauss-Kahn encouraged countries

Strauss-Kahn recommended that countries with developed economies use fiscal policy, where possible - particularly in the financial and housing sectors. Emerging markets, may use reserves to fund a temporary or a sudden shortfall in capital. Others will raise interest rates the central bank in accordance with an increase in the risk premium in order to prevent capital outflows and build confidence in the national currency. Some countries will probably need considerable support, including from the International Monetary Fund. According to Strauss-Kahn at the IMF is liquidity in large volumes. Developing countries are faced with a reduction in export demand and reduced access to trade credit. In addition, many of them are already suffering from food and fuel crisis, which causes a tight budget and balance of payments, leads to higher inflation and cost of living. Strauss-Kahn expressed his commitment to the IMF to help countries that are experiencing difficulty, and said that the International Monetary Fund is ready to quickly provide loans. In particular, Ukraine's IMF provided a loan amounting to 16.5 billion U.S. dollars to combat the effects of the global financial crisis. Several countries, including Ukraine, has taken several steps to minimize the impact of the crisis, which has already yielded positive results. Closing the Internet conference, Professor Baranowski noted that research on the financial crisis will continue into 2009. The results will be reviewed and summarized, and conclusions and recommendations will pass for inspection at the National Bank of Ukraine. NBU Banking University and later practiced research on current topics of financial-credit sphere, to help the state in solving urgent problems. Category: Liquidity of the banking system of Ukraine | Tags: Strauss-Kahn