“Mark Dow is a hedge fund manager and a former IMFer, who now has must-read blog.
Given his IMF experience, and the growing talk of whether Spain will need help in some way, his recent post IMF and Spain – putting on the face paint is pretty great.
If things get bad enough and/or the country is systemically important enough, the IMF will “war game” contagion effects. They will also get as prepared as they can for “the call”, the moment when the authorities of the member country formally ask for assistance in putting together a program.”
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