A top official with the Organization for Economic Cooperation and Development (OECD) said Tuesday that the "impressive economic and political development" Chile has achieved in recent years might help the nation join the Group of 20 major economies (G-20).
4/06/2011
New G20 Bank Rules Insufficient To Fix Financial System
New banking rules agreed upon by global financial leaders aren't sufficient to ward off the type of financial crisis the world is still recovering from, the International Monetary Fund warned Wednesday.
To help fix the problem, the fund is proposing new tools to measure the impact a financial institution can have on the system as a whole. Once authorities have a good picture of the systemic importance of a firm, they could then confidently require a company to pay a proportional fee to guard the entire system.
To help fix the problem, the fund is proposing new tools to measure the impact a financial institution can have on the system as a whole. Once authorities have a good picture of the systemic importance of a firm, they could then confidently require a company to pay a proportional fee to guard the entire system.
4/05/2011
Does the G-20 Even Care About the Environment?
CALGARY, April 5 /CNW/ - In a paper released today by The School of Public Policy, Professor Barry Carin examines the prospect of G-20 leaders taking hard action on environmental issues at upcoming meetings and finds that it is unlikely that environmental policy will be a major agenda item for the next meeting in France in 2011, or at future meetings.
4/04/2011
A modest proposal for the G-20
BEIJING: In March, at a meeting in Beijing organised by Columbia University's Initiative for Policy Dialogue and China's Central University of Finance and Economics, scholars and policymakers discussed how to reform the international monetary system.
After all, even if the system did not directly cause the recent imbalances and instability in the global economy, it proved ineffective in addressing them.
After all, even if the system did not directly cause the recent imbalances and instability in the global economy, it proved ineffective in addressing them.
4/03/2011
G20 keeps up snail's pace of global monetary reform
Another month, another inconclusive meeting of G20 finance ministers: reform of the international monetary reform is proving a hard, thankless slog.
True, Thursday's seminar in the eastern city of Nanjing confirmed the consensus that changes are needed to put the world economy on a firmer financial footing, keep a closer eye on capital flows and ensure the global monetary order better reflects the clout of China and other emerging giants.
True, Thursday's seminar in the eastern city of Nanjing confirmed the consensus that changes are needed to put the world economy on a firmer financial footing, keep a closer eye on capital flows and ensure the global monetary order better reflects the clout of China and other emerging giants.
4/02/2011
Italy Finance Minister: Crisis Galvanizing Europe, G-20 Obsolete
The global financial and economic crisis is galvanizing Europe into furthering the project of a political union and may trigger spreading unrest elsewhere in the world, Italian Economy Minister Giulio Tremonti said Saturday.
We are seeing a "colossal restructuring of the political architecture of Europe," Tremonti told central and commercial bankers, business leaders and politicians from around Europe at a conference in this northern Italian lakeside town.
We are seeing a "colossal restructuring of the political architecture of Europe," Tremonti told central and commercial bankers, business leaders and politicians from around Europe at a conference in this northern Italian lakeside town.
4/01/2011
China Meeting Highlights Currency Conflict
Top officials at a meeting of the world's major developed and emerging economies offered starkly different views on exchange rates and other elements of the international monetary system, underlining the challenges facing efforts to find a new global financial architecture.
Highlighting the tensions at the one-day meeting of Group of 20 officials here, U.S. Treasury Secretary Timothy Geithner emphasized the importance of flexible exchange rates in prepared remarks that were a thinly veiled criticism of China's currency policy—which Beijing had insisted shouldn't be discussed at the meeting.
Highlighting the tensions at the one-day meeting of Group of 20 officials here, U.S. Treasury Secretary Timothy Geithner emphasized the importance of flexible exchange rates in prepared remarks that were a thinly veiled criticism of China's currency policy—which Beijing had insisted shouldn't be discussed at the meeting.
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