YEREVAN, February 14, /ARKA/. “Global imbalances are back, with issues that worried us before the crisis—large and volatile capital flows, exchange rate pressures, rapidly growing excess reserves,” IMF Managing Director Dominique Strauss-Kahn said at a panel discussion at the IMF in Washington, D.C.

He cited volatile capital flows, pressures on currencies and growing reserves as issues of concern. One way to improve the international monetary system would be the increased use of the IMF's currency, the special drawing rights, to create a new reserve asset class.

Strauss-Kahn said, "the recovery underway today is not the recovery we wanted. Unemployment remains at record highs, with widening income inequality adding to social strains.

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