Friday, 12 October 2012
"Beijing still needs to look carefully at the limits of key European states in backing such mechanisms and then determine how much support it is willing to give," says CIGI Senior Fellow and China Research Chair Gregory Chin, commenting on the establishment of the European Stability Mechanism.
Wednesday, 10 October 2012
CIGI and the UN Financing for Development Office are co-sponsoring a panel discussion on sovereign debt restructuring and international adjustment at the IMF/World Bank Group annual meetings in Tokyo. The panel reflects the importance of this issue, which CIGI has been exploring for some time.
Thursday, 4 October 2012
Looking for expert commentary on the annual meetings of the International Monetary Fund (IMF) and the World Bank Group, which run October 9-14 in Tokyo? CIGI will have the following experts in Tokyo and offsite, available for media interviews.
Wednesday, 3 October 2012
"The report, Sovereign Debtors in Distress: Are Our Institutions up to the Challenge?," finds that debt restructuring negotiations were not an 'unmitigated success.' It recommends developing a legal framework for restructuring, examination of the template for collective action clauses and further scrutiny of whether the IMF is "optimally organised for crisis management." says a blog post from the Bretton Woods Project, citing a paper from CIGI Senior Fellow Susan Schadler.
Monday, 10 September 2012
The G20 should increase its ownership of the Mutual Assessment Process (MAP), says the second installment of a new policy brief series from CIGI Junior Fellows.
Monday, 10 September 2012
Last week the Financial Times published the obituary of Sir Andrew Crockett. This is sad news indeed. Sir Andrew, the former head of the Bank for International Settlements (BIS), was highly regarded in international monetary and financial policy circles. As the FT obituary notes, he fostered the environment of critical thinking and independence of thought at the BIS that allowed Bill White and other colleagues to raise warning flags prior to the global financial crisis. Alas, those concerns were not heeded; the legacies of the crisis will remain with us for some considerable time.
Friday, 7 September 2012
The 2007–2009 global financial crisis demonstrated that the world required a much stronger framework for cooperation on financial and economic issues. In September 2009, G20 heads of state responded to this need at the Pittsburgh G20 Summit with the “Framework for Strong, Sustainable and Balanced Growth.” The Mutual Assessment Process (MAP) was created to both monitor and support G20 countries in their follow-through on commitments made under the Framework.
Constructive Powers Initiative, addressing transnational organized crime, to brief media after Mexico City workshop
Thursday, 6 September 2012
Leading scholars and experts participating in the Constructive Powers Initiative in Mexico City will brief media on their findings after two days of work. The session, which will be live streamed, is scheduled to take place at 8:15 a.m. (central time) on Friday, September 7, 2012 at the Hilton Mexico City Reforma.
CIGI-INET paper points to fault lines in international financial architecture for resolving sovereign debt crises
Thursday, 23 August 2012
A new paper by a former deputy director of the International Monetary Fund’s (IMF) European Department says that fault lines in the international financial architecture for resolving sovereign debt crises mean that recent and future debt crises will remain more costly than need be.
Wednesday, 1 August 2012
"This is an excellent collection of fourteen articles, written by specialists coming from different countries, various fields and having very diverse backgrounds: professors, diplomats, journalists, researchers, and UN officers," writes reviewer Laura-Anca Parepa