Paper delivered at the â??Vancouver Seminar: The Crisis Response and Road to Recoveryâ??, hosted by the Department of Finance and the Bank of Canada, November 30-December 1, 2009, Vancouver, Canada General Background In a note published a few years ago, in the Financial Times, (August 12,...

Soon the G20 group will meet again to continue its discussion of changes in the rules governing the international economy and the global, financial system. A danger is that, as time passes and as the world moves further away from the deepest point of the recent financial crisis, inertia will set...