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China backs IMF debt revamp plans

Saturday, 26 July 2014
Christopher Spink
IFR's Christopher Spink cites a CIGI co-sponsored conference and subsequent report on Chinese perspectives on sovereign debt restructuring.

Power Shift and Renminbi Internationalization: Recommendations for the G20

Friday, 25 July 2014
Raluca Diana Ardelean, Mengyun Zhang
China’s growing economic standing suggests a power shift for the twenty-first-century global economy, as exemplified through the internationalization of China’s currency, the renminbi (RMB). RMB internationalization can fill China’s financial integration gap by promoting faster internal financial reforms, stronger interconnectivity between trade and finance, and greater economic responsibility.

Sovereign debt in turbulent times

Wednesday, 23 July 2014
"The recent economic and legal developments in sovereign debt markets have prompted a rethink of sovereign debt governance," write CIGI's Domenico Lombardi and Skylar Brooks. "The choice to chart a new course in debt governance lies with the states that comprise the IMF’s membership.

Central bankers split on whether Big Six banks are too cozy

Monday, 14 July 2014
Kevin Carmichael
Kevin Carmichael, Washington Correspondent for Report on Business, cites former deputy governor at the Bank of Canada David Longworth's contribution to the CIGI-published volume Crisis and Reform: Canada and the International Financial System.

CIGI at CEA (IV): The Tension Between Patience and Pre-emption

Wednesday, 9 July 2014
Kevin English
Guest blogger CIGI Research Associate Kevin English chronicles a presentation on "the brave new world of monetary policy," from CIGI's panel at the 2014 Canadian Economics Association's annual conference.

CIGI at CEA 2014 (III): Is Flexible Inflation Targeting Still Viable?

Tuesday, 8 July 2014
Kevin English
Guest blogger CIGI Research Associate Kevin English chronicles CIGI's panel at the 2014 Canadian Economics Association's annual conference, looking at Prof. Paul Beaudry's presentation on flexible inflation targeting.

What Enabled Bretton Woods?

Tuesday, 8 July 2014
"[A]mid considerable tumult, the conference aimed to create a stable international monetary framework that could serve as a cornerstone of a peaceful global order. And it succeeded – at least for a while," write CIGI's Harold James and Domenico Lombardi, commenting on the 70th anniversary of the Bretton Woods conference.

Shifting Gear: Reshaping the G20 and Addressing the Global Growth Challenge

Wednesday, 2 July 2014
Dr. Heather Smith, Deputy Secretary, G20 Sherpa in Australia’s Department of the Prime Minister and Cabinet, delivered a keynote address on the challenges Australia faces in chairing the G20 during a period of post-crisis consolidation. Dr. Smith spoke on how the Australian presidency of the G20 is working with members to promote growth, build resilience in the global economy and build a durable international order to underpin global prosperity in the twenty-first century. The 2014 G20 leaders’ summit will be November 15-16, 2014, in Brisbane, Australia.

Why Canada needs to push for a truly multilateral financial system

Monday, 30 June 2014
"Left to its own devices, the rest of the world has to self-insure against sudden droughts of liquidity by accumulating vast foreign exchange reserves and building competing regional arrangements," write CIGI researchers Kevin English and Brett House, commenting on the new web of currency-swap lines between the world’s major central banks.

Lessons from the 2012 Greek debt restructuring

Wednesday, 25 June 2014
"Overall, the Greek experience shows that an orderly restructuring is possible in a currency union, but that firewalls and supportive crisis management institutions are necessary for it to take place smoothly, without major contagion effects," writes CIGI Senior Fellow Miranda Xafa,
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