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The Crisis and the Reform of the International Financial Architecture
As part of its work on the crisis and the reform of the international financial architecture, Chatham House is undergoing substantial work feeding into ongoing G8 and G20 policy discussions. Conducted in partnership with the Centre for International Governance Innovation (CIGI) based in Waterloo, Canada, and the Istituto Affari Internazionali (IAI) in Rome, Italy, the project examines the outcome of the financial crisis, explores the financial architecture and its future development, and provides recommendations for reforms.
In the run up to the G20 summit on 2 April 2009, Chatham House worked with the Atlantic Council in Washington DC to bring transatlantic business perspectives into the G20 agenda debate. Workshops were held in Washington DC and London in early March 2009 to bring together key thinkers to scrutinise the G20 working groups, feed into the preparatory activity and especially voice the business views, and discuss issues in danger of being sidelined. A joint report was published with the aim of expanding intelligent and well-informed debate and to help fully maximise the opportunities for progress which the summit represented - New Ideas for the London Summit: Recommendations to the G20 Leaders.
The focus of the response to the current global economic crisis so far has been largely on the financial system - increasing global lending resources, devising new lending instruments for the IMF, tighter financial regulation and an end to shadow banking - but more attention will increasingly have to be paid to the international monetary system.
Although interesting developments are being seen, the current arrangements are underpinned by a formidable combination of confidence, efficiency and inertia. A policy report on the international monetary system with ESRC World Economy and Finance Programme, Birbeck College will be published in January 2010.
This report will map out proposals for a new international monetary order and look at ways in which monetary authorities and political leaders can help prepare the ground for a new system and facilitate the transition. The report will feature contributions by prominent academics and practitioners.
Events
Monday 30 November 2009
The G20 Process
Monday 6 July 2009
The G20-G8 Continuum: Global Governance in a World of Crisis
Wednesday 1 April 2009
The London Summit: Multiple Perspectives on the G20
Dr Youssef Boutros-Ghali, Minister of Finance, Egypt; Chairman, International Monetary and Financial Committee (IMFC)
Lord Malloch-Brown, Prime Minister's Special Envoy for the G20 London Summit
Stephen Roach, Chairman, Morgan Stanley Asia
Dr Paola Subacchi, Research Director, International Economics, Chatham House
Chair: Dr Robin Niblett, Director, Chatham House
Thursday 5 March 2009
Top of the Agenda: Critical Issues for the G20 Summit
Tuesday 24 February 2009
A Bank for the World: The Role of the World Bank in Responding to the Financial Crisis and Building a Better Future
Douglas Alexander, UK Secretary of State for International Development
Resources
From London to L'Aquila: Building a Bridge between the G20 and the G8
Chatham House and CIGI, June 2009
G8 Blog - Tracking the G8 L'Aquila Summit (with CIGI)
G20 Blog - Tracking the London Summit (with CIGI)
Group of Eight - Aid in Africa: Party Over
Tom Cargill, The World Today, June 2009
The G20 Summit: Saving Globalisation... Again?
Ngaire Woods, The World Today, April 2009
The G20 Summit: Summit Cynics Wait to See
Ruth Davis and Vanessa Rossi, The World Today, April 2009
New Ideas for the London Summit: Recommendations to the G20 Leaders
Chatham House and Atlantic Council, March 2009
The Challenge for the London G20 Summit: Globe in a State
Prem Shankar Jha, The World Today, March 2009
G20 Summit: The G Force
Colin Bradford, The World Today, March 2009
Further Information
For more information please contact Amalia Khachatryan.
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