The Redesign of the Global Financial Architecture

More than ten years on from the most intense phase of the global financial crisis, and the collective international response in the G20 summit in London, this new edition analyzes this post-crisis international and national regulatory framework and asks whether the current paradigm is fit for purpose as new dangers gestate and develop.

Autorentext

Stuart P. M. Mackintosh is Executive Director of the Group of Thirty, an international financial think tank. He is past President of the National Association of Business Economics, the largest and most influential organisation of professional economists in the USA. Dr Mackintosh speaks widely before diverse audiences, from central banks, to investor events, to general audiences. He continues to write widely, with recent work appearing in Reuters, EuropeNow magazine, the Journal of Business Economics, the Journal of World Economics and Financial World magazine.

Inhalt

Introduction 1. Crises and Paradigm Shift 2. The creation of the G20 leaders' forum 3. The 2009 G20 summits: the apogee of reformist zeal 4. The emergence of dissension within the G20 5. America First and the global architecture 6. The Financial Stability Board: its creation, structure and processes 7. Making the paradigm real: the FSB's key policy outcomes 8. Identifying emerging systemic risks in a complex system 9. Leadership, absence of leadership, and still signs of future leaps