RESEARCH AND COMMENTARY
Martin Neil Baily, December 11, 2008, The Brookings Institution
The economy is the number one concern in the minds of main street Americans. The $700 billion bailout package was aimed at rebuilding financial institutions, but it is now up to the new president to restore confidence in consumers and workers. Read More
RESEARCH AND COMMENTARY
Martin Neil Baily, Robert E. Litan and Matthew S. Johnson, November 2008, The Brookings Institution
In the third installment of the Fixing Finance series, Martin Baily, Robert Litan and Matthew Johnson conduct a thorough analysis of the origins of the financial crisis. They conclude that the crisis had its origins in an asset price bubble that interacted with new kinds of financial innovations that masked risk, with companies that failed to follow their own risk management procedures, and with regulators and supervisors who failed to restrain excessive taking. Read More
RESEARCH AND COMMENTARY
Paul Blustein, November 17, 2008, The Brookings Institution
At the G20 summit, leaders pledged to strive to reach an agreement on the Doha Round this year and also resist the temptation to raise new barries to investment and trade. Paul Blustein, an expert on the WTO, discusses the outcome and what is ahead for the global trade agenda. Read More
RESEARCH AND COMMENTARY
Lex Rieffel, November 17, 2008, The Brookings Institution
Despite having seats at the G-20 summit table, emerging market countries are only beginning to work within the broader system, argues Lex Rieffel in a new commentary post-summit, and big tasks lie ahead for the global financial system and the future of the G-8/G-20. Read More
RESEARCH AND COMMENTARY
Mauricio Cárdenas, November 17, 2008, The Brookings Institution
What were the biggest outcomes of the G-20 summit on the financial crisis? Mauricio Cardenas examines the results and notes which steps were worthwhile, what is next and what is left hanging. Read More
RESEARCH AND COMMENTARY
Colin I. Bradford, November 17, 2008, The Brookings Institution
Following the G-20 summit, Colin Bradford analyses the outcomes of the meeting and the governance implications, noting the G-20 has now de facto replaced the G-8. Read More
PAST EVENT
Friday, November 14, 2008
1:00 PM to 2:30 PM
Washington, DC
For the first time, leaders of G-20 countries gathered in Washington for an emergency summit on the global financial crisis. Brookings experts discussed the critical issues, including what is at stake and what can be accomplished, at a briefing on Friday, November 14. Read More
RESEARCH AND COMMENTARY
Erik Berglöf and Jeromin Zettelmeyer, November 2008, VoxEU.org
In a recent article, Erik Berglöf discusses what G-20 leaders must do to stabilise our economy and fix the financial system. Read More
RESEARCH AND COMMENTARY
Carlos Pascual and Thomas Wright, November 13, 2008, The Brookings Institution and The Chicago Council on Global Affairs
World leaders gathered in Washington, D.C. to respond to the international financial crisis. The Managing Global Insecurity project and The Chicago Council on Global Affairs hosted a special online forum of global perspectives on the summit. The result is an intriguing glimpse into pivotal issues that will continue to dominate discussions about the crisis. Read More
RESEARCH AND COMMENTARY
November 12, 2008, The Brookings Institution
Leaders from G-20 countries gathered in Washington, D.C. to address a financial crisis whose evolution highlights a dramatic shift in the global economy. In a new report, Brookings Global experts examine seven key issues at stake and make recommendations for next steps. Read More
RESEARCH AND COMMENTARY
Lex Rieffel, November 12, 2008, The Globalist
As G-20 leaders prepare to meet, many have called for a “Bretton Woods II” as the next step toward preventing future financial meltdowns. Lex Rieffel argues that this proposal is problematic because it lumps the World Bank with the IMF and argues for a strengthened IMF. Read More
RESEARCH AND COMMENTARY
Alice M. Rivlin, November 12, 2008, NewsHour
Alice Rivlin and other economists discuss Treasury Secretary Henry Paulson's announcement Wednesday that the government will shift its focus from buying troubled assets to shoring up institutions that manage credit cards, auto loans and other types of borrowing. Read More
RESEARCH AND COMMENTARY
Ralph C. Bryant, November 09, 2008, The Brookings Institution
World leaders are gathering this weekend at the G-20 summit in Washington to discuss the global economic and financial crisis. In the first of his two pieces, Ralph Bryant lays out general principles for international cooperation in the supervision and regulation of financial activity. In the second piece, he identifies difficult challenges confronting the participating countries and the international institutions—such as the IMF, the Bank for International Settlements and the Financial Stability Forum—that will be the locus of cooperative efforts. Read More
RESEARCH AND COMMENTARY
Ralph C. Bryant, November 08, 2008, The Brookings Institution
World leaders gathered at the G-20 summit in Washington to discuss the global economic and financial crisis. In the first of his two pieces, Ralph Bryant lays out general principles for international cooperation in the supervision and regulation of financial activity. In the second piece, he identifies difficult challenges confronting the participating countries and the international institutions—such as the IMF, the Bank for International Settlements and the Financial Stability Forum—that will be the locus of cooperative efforts. Read More
RESEARCH AND COMMENTARY
Eswar Prasad, October 30, 2008, The Financial Times
During this time of global financial crisis, Eswar Prasad argues that it is time for the IMF to enhance its relevancy through radical change and proposes two new ideas on how to fix the Fund. Read More