Christine Lagarde on Lessons Learned From Crisis, Reform

Christine Lagarde, IMF Managing Director, discusses the challenges of addressing global crises and the need for reforms. She emphasizes the importance of fiscal space and the IMF's evolving role. Lagarde critiques the slow pace of bank reforms and highlights the IMF's role as a lender of last resort. The discussion also touches on the Eurozone crisis and the need for political action to implement necessary reforms.

What challenges does Lagarde face in simulating a crisis according to the discussion?

What are some of the reforms Lagarde would like to see implemented if a crisis were to occur?

How does the interview characterize the IMF's role in relation to central banks?