It is generally recognized that building a global financial safety net is important to mitigate the possibility of financial crisis. It should be consisted of regional, national and international components.
This is event will ask what is the methodology for building this safety net and how can we promote an orderly evolution of it?
To answer this question, Shanghai Development Research Foundation (SDRF) and Reinventing Bretton Woods Committee (RBWC) have decided to hold “Stocktaking of International Financial Architecture.” The event is also organized by the the Research Institute of Banking and Finance, the People’s Bank of China (RIBF of PBOC) and the Korea Institute for International Economic Policy (KIEP).
CIGI Global Economy Program Director Domenico Lombardi will moderate the conference's first pannel and participate at this event.
Panels with CIGI participation:
Session I: A Growing Interconnectedness: Monetary Economic and Financial Spillovers and Its Implications for the Stability of the International Monetary System.
· What impact so far has Fed’s normalization of interest rate brought to the global economy in general and emerging economies in particular?
· Do floating exchange rates along with largely unrestricted capital flows play their role of shock absorber? Are we going to witness a return of currency crises of the 1990’s?
· What does china economic slowdown and its current adjustment means for global growth, commodities cycle, for capital markets and for the quest of RMB internationalization?
· What are the consequences for monetary divergence among currency areas?
· Should and can the systematically important countries “internalize” their spillovers effects to mitigate negative external impacts?
Domenico Lombardi, Director of the Global Economy Program, CIGI
Domenico Lombardi is the former director of the Global Economy Program and a former member of the executive management committee at the Centre for International Governance Innovation (CIGI). He serves on the advisory boards of the Peterson Institute for International Economics and the Bretton Woods Committee in Washington, and is a member of the Steering Committee of the Asian Economic Panel.