“We remain open to explore options on a voluntary approach built on a realistic o…” — Charles Dallara

When you inject capital into the parent, it may or may not benefit the subsidiary.

In a moment of stress, funding may go to systemically-important firms, which could pull funding away from firms not making the cut.

The risk of policy contagion could be magnified if a new funding arrangement were agreed between Argentina and the IMF before a comprehensive policy framework is developed that addresses fundamental investor concerns.

Countries that are occasionally immature in their ability to manage their economic affairs as well as they should - and that includes most of them - are going to find that the world is at risk.