New year, new broom. Christine Lagarde, the head of the International Monetary Fund, thinks it’s time to spruce up the financial system, arguing that “the economic health of the emerging world is of first-order importance for the advanced economies.”
Speaking in Paris at an event on Tuesday to mark the departure of Christian Noyer as governor of the Banque de France, Ms Lagarde reiterated her call for governments to shoulder more of the burden for softening the blows inflicted by a commodities rout and wobbly Chinese markets, saying:
