18. See "Contemporary Concert Diplomacy" op. cit., Commission on Global Governance, Our Global Neighbourhood, p. 182, and on crisis prevention, Michael Artis and Sylvia Ostry, International Economic Policy Co-ordination (London: Routledge, 1986), p. ?. In the case of the December 20, 1995 Mexican peso crisis, there had been some warning and Article 4 consultations with the Fund as required for members with a fixed exchange rate regime. G-7 members asked what if anything could be done and whether the G-7 itself or the IMF as a whole was the appropriate body to do it. This led to questions of the adequacy of resources -- "where's the money?" -- and moral hazard.

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