Reform of the Global Financial Architecture
AbstractThis paper examines the implications of the global financial crisis of 2007-10 for reform of the global financial architecture, in particular the International Monetary Fund and the Financial Stability Board and their interaction. These two institutions are not fully comparable, but they must work more closely in the future to help prevent global financial crises. To this end, the paper identifies institutional and substantive reforms separately and in their joint work that would be desirable and appropriate.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Peterson Institute for International Economics in its series Working Paper Series with number WP10-14.
Date of creation: Oct 2010
Date of revision:
International Monetary Fund; Financial Stability Board; Bank for International Settlements; Group of Twenty; banking supervision and regulation; financial crises; financial stability; financial reform;
Other versions of this item:JEL classification:
- F30 - International Economics - - International Finance - - - General
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-23 (All new papers)
- NEP-BAN-2010-10-23 (Banking)
- NEP-CBA-2010-10-23 (Central Banking)
- NEP-FMK-2010-10-23 (Financial Markets)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Burkhard Drees & Garry J. Schinasi & Charles Frederick Kramer & R. Sean Craig, 2001. "Modern Banking and OTC Derivatives Markets: The Transformation of Global Finance and its Implications for Systemic Risk," IMF Occasional Papers 203, International Monetary Fund.
- Herrmann, Sabine & Mihaljek, Dubravko, 2011.
"The determinants of cross-border bank flows to emerging markets: New empirical evidence on the spread of financial crises,"
BOFIT Discussion Papers
3/2011, Bank of Finland, Institute for Economies in Transition.
- Herrmann, Sabine & Mihaljek, Dubravko, 2010. "The determinants of cross-border bank flows to emerging markets: New empirical evidence on the spread of financial crises," Discussion Paper Series 1: Economic Studies 2010,17, Deutsche Bundesbank, Research Centre.
- Sabine Herrmann & Dubravko Mihaljek, 2010. "The determinants of cross-border bank flows to emerging markets: new empirical evidence on the spread of financial crises," BIS Working Papers 315, Bank for International Settlements.
- James B. Thomson, 2009. "On systemically important financial institutions and progressive systemic mitigation," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Aug.
- Edwin M. Truman, 2006.
"Strategy for IMF Reform, A,"
Peterson Institute Press: Policy Analyses in International Economics,
Peterson Institute for International Economics, number pa77, November.
- Edwin M. Truman, 2008. "On What Terms Is the IMF Worth Funding?," Working Paper Series WP08-11, Peterson Institute for International Economics.
- Edwin M. Truman, 2003. "Inflation Targeting in the World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 346.
- Edwin M. Truman, 2010. "The G-20 and International Financial Institution Governance," Working Paper Series WP10-13, Peterson Institute for International Economics.
- Aerdt Houben & Jan Kakes & Garry Schinasi, 2004. "Towards a framework for financial stability," DNB Occasional Studies 201, Netherlands Central Bank, Research Department.
- Mario Lamberte & Peter J. Morgan, 2012.
"Regional and Global Monetary Cooperation,"
Finance Working Papers
23190, East Asian Bureau of Economic Research.
- Casselmann, Farina, 2013. "Financial services regulation in the wake of the crisis: The Capital Requirements Directive IV and the Capital Requirements Regulation," IPE Working Papers 18/2013, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peterson Institute webmaster).
If references are entirely missing, you can add them using this form.