In partnership with American University and INET, the conference releases a new book, Global Financial Governance Confronts the Rising Powers, edited by Andrew Walter and Randall Henning and published by CIGI. The volume addresses the substantive and institutional challenges that the rising powers pose for global governance in the domain of financial and macroeconomic cooperation.
The outcome of a project organized by Miles Kahler and Barry Eichengreen originally, it examines the issues before the G20 that are of particular concern to these newly influential countries. The book argues that the tradeoff among capital mobility, currency stability and monetary autonomy -- known as the international monetary “trilemma” -- endures, contrary to suggestions that it is obsolete. It recommends that the G20 strengthen the global financial safety net and oversee guidance on capital flow measures, among other measures.
Three distinguished experts will speak from their regional perspectives:
He Fan, Chief Economist and Managing Director of Caixin Insight Group, and former Deputy Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences in Beijing;
José de Gregorio, Professor, Department of Economics, University of Chile, in Santiago, and former Governor of the Central Bank of Chile and Minister of Economy, Mining and Energy, among other appointments;
Thomas A. Bernes, CIGI Distinguished Fellow, former Executive Director at the IMF and Director of its Independent Evaluation Office, among other international financial posts during his career in Canadian government.
