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IMF: Global Financial System Faces Major Transitions

The International Monetary Fund says the global financial system is facing several difficult transitions as world economies seek greater stability. IMF financial counselor Jose Vinals said Wednesday there are key questions facing world economic powers like the United States, Japan and Europe's 17-nation euro currency bloc, as well as fragile emerging markets. He questioned how smoothly the United States will be able to move from a period when its central bank, the Federal Reserve, has ...

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