finance-ministries

Both have had long careers in public life, including stints at their finance ministries and heading their national central banks.

Central banks and finance ministries have been drawn into decisions on the appropriate levels of capital and liquidity for individual banks.

When central banks put themselves at the disposal of finance ministries, the results can be calamitous.

And if policy is to be tightened in the developed world, far better it be done by cash-strapped finance ministries, not central banks.

Europe has maintained a common front despite intensive US telephone diplomacy with European finance ministries in recent days.

And the basic point would be to link up the finance ministries with the development ministries.

Representatives from the foreign, interior and finance ministries will have seats on the commission.

Second, that suggests central banks and finance ministries must co-ordinate their policies more closely than in recent years.

Finance ministries were initially dismissive about debt relief but were eventually won over.

Finance ministries are hardly likely to complain about the banks' investments.

Finance ministries and central banks have different goals, of course.

Because taxpayers will bear any losses, finance ministries need some say.