IIGG Content About International Finance
A comprehensive guide to how international institutions, governments, and NGOs around the world are attempting to regulate the global financial system. This is part of the Global Governance Monitor, an interactive feature tracking multilateral approaches to several global challenges.
See more in International Finance; Financial Regulation; Global
In this CGS/IIGG Working Paper, Jeffry A. Frieden reviews the historical record on the political fallout from the unraveling of macroeconomic imbalances. He warns that the coming adjustments may test the capacity of national governments and international institutions to maintain an open international economic order.
See more in Financial Crises; International Finance
What new forms of international financial and monetary coordination and regulation are required in light of the global economic crisis? How should the United States work to reform the Bretton Woods Institutions? Should the BRICs and other developing countries have an increased role at the IMF and World Bank? What are the preconditions for a U.S.-China bargain on global monetary and financial issues?
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In this report, Benn Steil shows that the financial crisis is the inevitable bust of a classic credit boom, and explains how monetary, taxation, and home ownership promotion policy combined with other features of the financial system to fuel an unsustainable buildup in debt. He recommends significant reforms to reverse the debt financing bias and make the system more resilient to falls in asset prices. This report is also available in Arabic.
See more in International Finance; Financial Crises