Eric Helleiner PublicationsEric Helleiner Publications
Should We Be Feeling More Secure? The Limits of International Regulatory Reform
The financial upheavals of the past few weeks have led some to predict that we could well witness a repeat of the global financial meltdown of three years ago. But haven’t G20 policy makers been working diligently since then to make the global financial system safer and more shockproof?
Unfinished Business: Priorities for the International Financial Regulatory Agenda
Recent volatility in world financial markets has reinforced the case for international financial regulatory reform. And yet at this very moment, despite all the promises and “commitments” made, the reform agenda endorsed at G20 summits since 2008 is in serious danger of stalling or even sputtering out on essential issues.
The G20 Agenda and Process: Analysis and Insight by CIGI Experts
These 21 CIGI commentaries analyze the policy issues and debates under discussion in 2010 that are still relevant to the ongoing G20 agenda under the French presidency and the G20’s aspirations for the future.
Lasting Legacy on Financial Regulatory reform
The G20 agenda for financial regulatory reform is both depressingly familiar and surprisingly new, says CIGI expert in international political economy Eric Helleiner. He argues that that while a breakthrough on regulation is unlikely at this week’s Seoul Summit, the stage is set for emerging markets to make their impact on regulatory policy.
The Financial Stability Board and International Standards
The basic structure and mandate of the Financial Stability Board build directly on those of its predecessor, the Financial Stability Forum (FSF). In this paper, CIGI Chair Eric Helleiner examines whether the FSB will be able to strengthen international prudential standards in the way that the FSF could not and establish a strong foundation for international regulatory cooperation.
The Financial Stability Board: An Effective Fourth Pillar of Global Economic Governance?
One of the G20’s most significant institutional innovations has been the creation of the Financial Stability Board (FSB), a new institution that some see as a potential fourth pillar of global economic governance alongside the IMF, World Bank and WTO. In a special report written with international partners, leading experts examine the challenges facing the FSB if it is to live up to expectations and help avert future global financial crises like the one in 2008-2009.
G20 Faces its Most Difficult Test Yet on Financial Reform
International financial regulation has been a central topic at G20 summits since the global financial crisis led to the establishment of the leaders’ group 18 months ago. Although the Financial Stability Board was created and other steps have been taken towards regulatory reform, the G20 has yet to tackle some of the most difficult aspects, which relate mostly to macroprudential regulation. The Toronto and Korean G20 meetings in 2010 will be decisive in this respect. Success will require strong political leadership at the leaders’ level.
Global Finance in Crisis
Global Finance in Crisis, a groundbreaking, edited volume, offers the first systematic analysis of the international regulatory response to the current global financial crisis. From the vantage point of key global financial powers, leading scholars examine current regulatory developments in international finance.
The Future of the International Monetary Fund: A Canadian Perspective
The CIGI/CIC Special Report on the future of the International Monetary Fund looks at the IMF’s role in the context of the global economic crisis and the new economic and financial governance architecture that is emerging. The report makes recommendations regarding the IMF’s role in the international financial system, governance of the IMF, and IMF functional reforms.
Environmental Sustainability and the Financial Crisis: Linkages and Policy Recommendations
As the global economic crisis and nascent recovery continue to unfold, it is important not to lose sight of the environment amid fiscal stimulus efforts and economic reorientation. Economic prosperity cannot be pursued at the expense of environmental sustainability. Long-term economic prosperity requires a strong and healthy ecosystem at its base. This publication highlights unique challenges and opportunities for policy makers in the face of the current economic crisis.