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.
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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.:
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