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
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
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
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
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
RESEARCH AND COMMENTARY
Yeongseop Rhee, October 28, 2008, The Brookings Institution
CNAPS Nonresident Fellow Yeongseop Rhee writes that the current financial crisis calls to mind the 1997-1998 Asian crisis. At that time, the U.S. and international organizations blamed Asian countries for their plight and prescribed harsh measures for fixing the situation. Dr. Rhee argues that now the U.S. must follow its own advice to maintain its leadership position. Read More
RESEARCH AND COMMENTARY
Colin I. Bradford and Johannes F. Linn, October 24, 2008, The Brookings Institution
President Bush recently announced that he has invited the G20, or the heads of state from the top 20 industrialized and developing economies, to join an economic summit in Washington on November 15. According to Johannes Linn and Colin Bradford, inviting the full G20 to discuss the current global financial crisis represents a critical step in reforming financial and economic stability, relations and institutions. Read More
RESEARCH AND COMMENTARY
October 2008, The Brookings Institution
As President-Elect Obama prepares to lead the United States, what are the top global economic challenges facing the new president and his advisors and how should the new administration address them? A new report by Brookings global economic and development experts ranks the top 10 issues and details specific ideas for how to tackle the toughest challenges. Read More
PAST EVENT
Friday, October 10, 2008
9:30 AM to 11:30 AM
Washington, DC
What’s next for the global financial markets? Brookings hosted a discussion on the global implications of the U.S. financial crisis, featuring the Honorable Wayne Swan, MP, Treasurer of the Commonwealth of Australia, and projections by Brookings experts on the future of emerging and financial markets. Read More
RESEARCH AND COMMENTARY
Colin I. Bradford and Johannes F. Linn, October 09, 2008, The Brookings Institution
In advance of the G8 finance ministers meeting and the annual meetings of the IMF and World Bank, Colin Bradford and Johannes Linn stress the need for financial leaders to seek a more vigorous role for the IMF in the global financial crisis and urge leaders to create a new agency to help deal with the urgent challenges if the IMF cannot take the leading role. Read More
RESEARCH AND COMMENTARY
Lex Rieffel, October 2008, The Brookings Institution
In advance of the annual meetings of the World Bank and the IMF in Washington, Lex Rieffel asserts that both institutions, which were created in 1944 to be at the center of a sound and dynamic international financial system, have overlapping responsibilities and antiquated governance structures that have undermined their legitimacy. In this policy brief, Rieffel offers steps to visibly differentiate the two institutions and improve their effectiveness, including moving the headquarters of the World Bank to Europe. Read More
RESEARCH AND COMMENTARY
Domenico Lombardi, October 2008, The Brookings Institution
In advance of the upcoming World Bank/IMF Annual Meetings, Domenico Lombardi argues in a new report, published by a group of organizations focused on global governance, that the IMF’s governance structure and operational approach must be reformed in order to restore the effectiveness and legitimacy of the Fund. Read More
RESEARCH AND COMMENTARY
Domenico Lombardi, October 2008, The Brookings Institution
In advance of the upcoming World Bank/IMF Annual Meetings, Domenico Lombardi argues in a new report, published by a group of organizations focused on global governance, that the IMF’s governance structure and operational approach must be reformed in order to restore the effectiveness and legitimacy of the Fund. Read More