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financial innovations. It was a major failure of global economic governance. “The globalization of finance and monetary systems … World War I ‘the Archduke's War' “. The need to “govern” the world economy with strong forms of international cooperation …
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Chapter 1. Introduction -- Chapter 2. Organisation of the G20 Finance Track -- Chapter 3. Political economy shapes strategies of countries -- Chapter 4. Evolution of the Finance Tracks agendas -- Chapter 5. Financial Regulation and G20 -- Chapter 6. International Financial Institutions and...
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This paper proposes a comprehensive yet evolutionary reform of the global monetary non-system that evolved out of the breakdown of the original Bretton Woods arrangement in the early 1970s. It includes: (i) a global reserve system that mixes the multi-currency arrangement with an active use of...
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