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Latest Web Commentaries
CIGI experts present a series of web commentaries on G20-related topics.
View All G20 Web Commentaries
Political Realities Will Test G20's Plans for Financial Stability
The G20, in one of its most important actions to date, established the Financial Stability Board (FSB). But lessons from previous years suggest that familiar political realities will intrude to challenge the efficacy of this new post-Bretton Woods order, writes CIGI Senior Fellow Bessma Momani
Peer Pressure to Meet G20 Commitments: A Promising Innovation?
At the G20 summits at London and Pittsburgh, governments had to face together a global financial crisis that their nations could not address alone. Industrialized and emerging market economies have rarely developed coordinated national policy responses to international economic problems, even though their economies are mutually interdependent.
Limits and Possibilities: What To Expect from the G20
The advent of the G20 leaders' summit is a major advance in international economic policy governance. The forum has been successful in broadly orchestrating the return to stability in the international financial system by agreeing on fiscal and monetary measures in developed and many emerging economies, and by assigning new responsibilities to international financial institutions. Regular interaction among G20 leaders, supported by sound technical analysis, will help build trust among the leaders and result in greater coordination of macroeconomic policies over the longer term.
