Global Financial Architecture: Past and Present Arguments, Advice, Action

Ashima Goyal

Working Papers from eSocialSciences

Abstract: In 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].

Keywords: east Asian; regulation; emerging markets; markets; Global Financial architecture; Crisis; G-20; Imbalances; Over-saving (search for similar items in EconPapers)
Date: 2009-07
New Economics Papers: this item is included in nep-cba, nep-ifn and nep-reg
Note: Institutional Papers
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Related works:
Working Paper: Global Financial Architecture: past and present arguments, advice, action (2009)
Working Paper: Global financial architecture: Past and present arguments, advice, action (2009)
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