Global Financial Architecture: Past and Present Arguments, Advice, Action
AbstractIn the context of the formation of G-20, the paper points out the absence of reform in the global financial architecture (GFA) after the East Asian crisis, and assesses factors that can improve the chances of real reform this time. A factual assessment of various causes advanced for the global crisis, puts the main responsibility on lax regulation. The paper summarizes the Chimerica debate and the blocks that have stalled progress in resolving the issue. It argues that symmetric and balanced reform, at individual country and international level, is required to remove the blocks. [WP-2009-004].
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Bibliographic InfoPaper provided by eSocialSciences in its series Working Papers with number id:2130.
Date of creation: Jul 2009
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east Asian; regulation; emerging markets; markets; Global Financial architecture; Crisis; G-20; Imbalances; Over-saving;
Other versions of this item:
- Ashima Goyal, 2009. "Global Financial Architecture : past and present arguments, advice, action," Finance Working Papers 22932, East Asian Bureau of Economic Research.
- Ashima Goyal, 2009. "Global financial architecture: Past and present arguments, advice, action," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2009-004, Indira Gandhi Institute of Development Research, Mumbai, India.
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-28 (All new papers)
- NEP-CBA-2009-07-28 (Central Banking)
- NEP-IFN-2009-07-28 (International Finance)
- NEP-REG-2009-07-28 (Regulation)
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- Ashima Goyal, 2010.
"The Future of financial liberalization in South Asia,"
Indira Gandhi Institute of Development Research, Mumbai Working Papers
2010-022, Indira Gandhi Institute of Development Research, Mumbai, India.
- Ashima Goyal, 2012. "The Future Of Financial Liberalization In South Asia," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 19(1), pages 63-96, June.
- Ashima Goyal, 2010. "The Future of Financial Liberalization in South Asia," Finance Working Papers 21973, East Asian Bureau of Economic Research.
- Ashima Goyal, 2010. "The Future of Financial Liberalization in South Asia," Finance Working Papers 22051, East Asian Bureau of Economic Research.
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