Dr. Kevin P. Gallagher, Associate Professor of Global Development Policy, Frederick S. Pardee School of Global Studies, Boston University, shows how emerging markets were able to re-regulate cross-border finance in the wake of the financial crisis, and carve out more space for such regulations in international institutions such as the IMF and the G-20—despite the fact that they remain underdogs in the global financial system. Such re-regulation was an important step forward, but is still far from the optimal measures necessary to regulate global finance. For the system to work, there will need to be cooperation between emerging markets and industrialized countries alike.
Dr. Kathryn Hochstetler, CIGI Chair of Governance in the Americas at the Balsillie School of International Affairs, will introduce Dr. Gallagher.