Five Years After the Fall: The Governance Legacies of the Global Financial Crisis

March 12, 2013

The effects of the global financial crisis continue to be felt across a spectrum of issues five years later — the short-term outlook for global growth; the need for international cooperation; the strengthening of international financial regulation; financing sustainable development; and leadership in a turbulent world. Written by CIGI experts, the five papers that form the core of this special report provide insight and recommendations for building the governance arrangements required to deal with these enduring legacies. The overview, penned by John Helliwell, sets the broader context in which the papers were presented and discussed at CIGI’s annual conference in November 2012.

About the Authors

James A. Haley is a senior fellow at CIGI and a Canada Institute global fellow at the Woodrow Wilson Center for International Scholars in Washington, DC.

With a distinguished career in Canadian diplomacy — including posts as ambassador to Germany, permanent representative to the United Nations (UN) and adviser to various prime ministers, Paul Heinbecker is one of Canada’s most experienced commentators on foreign policy and international governance. Paul is also the director of the Centre for Global Relations at Wilfrid Laurier University.

Thomas A. Bernes is a CIGI distinguished fellow. After an illustrious career in the Canadian public service and at leading international economic institutions, Tom was CIGI’s executive director from 2009 to 2012.

John F. Helliwell, of the Vancouver School of Economics at the University of British Columbia, is Arthur J.E. Child Foundation Fellow of the Canadian Institute for Advanced Research (CIFAR) and co-director of CIFAR’s program on Social Interactions, Identity and Well-Being. 

Pierre Siklos is a CIGI senior fellow. His research interests include applied time series analysis and monetary policy, with a focus on inflation and financial markets.