Paris, Managing Director, Lagarde discussed on Freakonomics Radio


In paris to two professors your mother taught french latin an ancient greek your father english literature i also understand you were a talented synchronized swimmer and we're on the french national team so how did that person the daughter of those professors and the synchronized swimmers turn into the managing director of the international monetary fund well unfortunately none of my parents is actually here to see they would both already here's out about that but you know i i o it's to them and to many other people along the way but in itself need the the love and confidence that they have given me as well as the appetite for reading exploring being open to other countries and other languages that was suddenly through my father and that that you know i am where i am it's a lot of hard work a lot of determination a lot of free over the course of life and certainly the confidence to sometimes take the lead to sometimes say yes to sometimes said no and try to carry the team with you along that i think is predominantly generated by the the love that i've received the imf sounding fathers as lagarde has called them were the british economist john maynard keynes and the american treasury official harry dexter weight they wanted an institution that would promote a stable international monetary system and help create an economic network that would incentivize peace gallagher who that monetary on financial conference pose on the hotel law these meetings are to us just after the second world war and everybody at the time food that it would be much better to have the multilateral dialogue rather than go to war in this goes back to britain woods yes yeah bretton woods new hampshire 1944 new hampshire delegates from forty four allied and associate countries arrive wally opening up the united nations carry on financial conference in forty four countries deciding that talking sharing opening up was better than closing down and entering into war now most people who think about the imf which is probably not that many people on a daily basis but when we do we usually think about you in moments of fiscal crisis in some countries that we probably don't really know that much about maybe not even know where it is but obviously the imf does a lot more than that you are the socalled lender of last resort but also you monitor the economies of nationstates around.

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