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Can Christine Lagarde Cut it as IMF Head?

As we all know, the answer has nothing to do with experience, intelligence or global scrutiny, and everything to do with the answer to this question:   How would she do on the Daily Show?  Fortunately we already have the answer, from April, 2009.

For those who missed it.

The verdict’s in:  Mais oui, absolument!

The Lagarde Saga

This post first appeared on the Peterson Institute's Real Time Economic Issues Watch.

With the United States throwing its support behind Christine Lagarde for the post of managing director of the International Monetary Fund (IMF), it seems that it is all over, except for the shouting (or rather the whim of the French magistrate investigating her role in the Bernard Tapie affair). This result is unfortunate in one respect. Any decision on the Lagarde appointment should have been deferred until she had been legally acquitted in France. Especially, in the aftermath of the Dominique Strauss-Kahn affair, it was imperative that the new candidate be, like Caesar’s wife, beyond reproach. So, we could still have a situation (admittedly a low probability one) where the world decides to appoint Ms. Lagarde while there is an ongoing investigation against her in her own country. Nothing would have been lost by delaying the appointment by a few weeks.