Reforming the Global Financial Architecture The Potential of Regional Institutions

The international financial crises of the 1990s and early years of the twenty-first century initiated the beginnings of reform to the global financial system. These focused principally on remedying the financial fragility of emerging market economies, the principal victims of financial instability....

Full description

Saved in:

Bibliographic Details
Published in:	Regional Financial Cooperation p. 40
Main Author:	ROY CULPEPER
Format:	Book Chapter
Language:	English
Published:	United States Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) 29-08-2007 Brookings Institution Press
Subjects:	Applied arts Architecture Arts Countries Developing countries Development banks Development studies Economic conditions Economic crises Economic disciplines Economics Emerging markets Finance Financial economics Financial instruments Financial investments Human geography International cooperation International economic cooperation International finance International politics International relations Loans Political geography Political science Politics Regional cooperation Social sciences
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!

Description
Summary:	The international financial crises of the 1990s and early years of the twenty-first century initiated the beginnings of reform to the global financial system. These focused principally on remedying the financial fragility of emerging market economies, the principal victims of financial instability. In contrast, there have been no real reforms aimed at preventing or constraining financial instability at its core, for example by fundamentally restructuring the Bretton Woods institutions, or by rewriting the rules of the game for global financial markets. In the meantime, the urge to reform has lost political impetus among the G-7, the key players on the
ISBN:	9780815764199 0815764197