The G-20 Conference, Central Banks, and Garbage Collection

Dimitris N. Chorafas
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Dimitris N. Chorafas: New York Academy of Sciences

Chapter 9 in Capitalism Without Capital, 2009, pp 184-208 from Palgrave Macmillan

Abstract: Abstract Speaking to union members in Italy on 11 November 2008, President Lula of Brazil warned his audience that they should not expect major results from the meetings of Group of Twenty (G-20)2 nations in Washington at the week’s end. Lula admitted that the G-20 would not be able to make a perfect diagnosis of the causes of the global financial crisis, though he added that: This first meeting was at least a promising start, and The G-20 nations now appeared to be taking over from the G-8, as the main forum for tackling the crisis, a fact that was (in his opinion) to be welcomed.

Keywords: Central Bank; Federal Reserve; Commercial Bank; Hedge Fund; Investment Bank (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-25102-1_9

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DOI: 10.1057/9780230251021_9

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