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By tradition, the head of the World Bank is an American, while its sister institution, the International Monetary Fund, is headed by a European.
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The International Monetary Fund (IMF), an institution with serious leadership matters on its mind at the moment has, in the case of Greece, suggested that for 2011 the economy as measured by output, i.e.
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Meanwhile, U.S. efforts to use the International Monetary Fund to apply pressure on Beijing have split the institution's members.
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Finally, the head of the Federal Reserve sought to reassure markets that his institution had all the tools at hand to rein back accommodative monetary policy when needed.
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That went down well with the members of the parliament, a democratic institution, accustomed to coalition politics and keen to sniff out a monetary Napoleon.
ECONOMIST: Trichet's cachet | The
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The Fed, itself a Progressive institution, was handed much more power in 1971, when President Nixon abrogated the Bretton Woods monetary arrangement and severed the link between the dollar and gold.
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