Thursday, June 26th, 2008
The overview of G8 Action Plan on Local Bond Markets lists a couple of documents that were mentioned in the implementation report to be published soon, but have not been published since:
IMF: "ABS in Emerging Markets: Recent Trends and Policy Implications"
Capital Markets Consultative Group (CMCG): Study about the Impediments ...
Posted in Memo | No Comments »
Wednesday, June 25th, 2008
The Document contains an overview of the G8 Action Plan on the developments of local currency bond markets and the implementation report.
The overview-report looks at the problems identified by the G8 Action Plans, Task delegated to various institutions and results given from the implementation report. It is subdivided into ten ...
Posted in Papers | 2 Comments »
Sunday, June 22nd, 2008
This article discusses the membership of 43 key economies in the major international financial institutions. The aim is to assess whether the global financial architecture adequately incorporates the key economies. The article can also be found in this PDF-Document.
The chart (left) lists 21 international organizations. Some of them are grouped ...
Posted in Discussions | 2 Comments »
Thursday, May 8th, 2008
The World Bank has a fairly comprehensive overview over different definitions of contagion and documents related to recent contagious events in the financial markets.
Some excerpts:
Broad Definition: Contagion is the cross-country transmission of shocks or the general cross-country spillover effects.
Restrictive Definition: Contagion is the transmission of shocks to other countries or ...
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Tuesday, April 29th, 2008
Charles Calomiris article on a New Global Financial Architecture from October 1998 is an interesting document, outlining the criticism of the International Financial Institutions (IFIs).
He starts with an interesting claim:
Economics normally provides rather dismal news, emphasizing tradeoffs among objectives and hard choices. In the case of redesigning the global financial ...
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Sunday, April 27th, 2008
To assess the evolution of the Financial Architecture after the Asian Crisis, the Meltzer Report provides a good gauge for the critique of the USA and other G7 countries towards the International Financial Institution. The report is named after Allan H. Meltzer, an economist and prominent critic of the Bretton-Woods-Institutions.
In ...
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Tuesday, April 22nd, 2008
Puzzling Complexity
The global financial architecture is very complex. Despite increasing liberalization of financial markets, increased system risk and integration of the economies through the financial markets in the last 30 years, there is no single World Financial Authority regulating the financial markets, as Alexander, Eatwell and Dhumale have suggested.
Instead what ...
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Sunday, April 20th, 2008
When academics, analysts and scholars analyze the causes and remedies for the current credit crisis, most of them analyze macro-economic trends such as exchange rate movements, or micro-economic changes such as Basel II.
How the global financial architecture evolved and how that influences the probability of crisis is very rarely discussed. ...
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Saturday, April 5th, 2008
Institution:International Financial Institution Advisory Commission
Abbreviation: IFIAC
Type: Public
Founded: 1998-1999
Members Total: not applicable
Membership in: not applicable
Membership of: not applicable
Description:In November 1998 as part of the legislation authorizing $18 billion of additional U.S. funding for the International Monetary Fund, Congress established the International Financial Institution Advisory Commission to recommend future U.S. policy ...
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Wednesday, April 2nd, 2008
Institution: Development Committee
Abbreviation: DC
Type: Public
Founded: 1974
Members Total: 24
Membership in:
Membership of:
Description: The Joint Ministerial Committee of the Boards of Governors of the Bank and Fund on the Transfer of Real Resources to Developing Countries, better known as the Development Committee, was established in October 1974 to advise the ...
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