WASHINGTON, DC: I have no personal opinion on the virtues of Caio Koch-Weiser, Germany's candidate to head the International Monetary Fund. But dithering over Michel Camdessus's replacement ought to stop. Stanley Fischer, a brilliant, experienced economist will lead the Fund very well in the interim. But the acting head of an organization has no mandate for change. So Fischer, while able, is not enabled.
WASHINGTON, DC: I have no personal opinion on the virtues of Caio Koch-Weiser, Germany's candidate to head the International Monetary Fund. But dithering over Michel Camdessus's replacement ought to stop. Stanley Fischer, a brilliant, experienced economist will lead the Fund very well in the interim. But the acting head of an organization has no mandate for change. So Fischer, while able, is not enabled.