Global Governance articles

Recent articles from Global Governance

Special forum: crisis and the future of global financial governance.
January 1, 2009... Introduction Financial crises often act as a catalyst for important changes in global financial governance. We are currently living through such a crisis, one that is in fact the worst since the Great Depression. And true to historical pattern, it is generating very heated debates about...

Why international institutions matter in the global credit crisis.
January 1, 2009... The global dimensions of the credit crisis of 2008 have become increasingly apparent. Bank failures, credit freeze-ups, and sharp stock market declines have spread well beyond the borders of the United States, the original epicenter of the crisis. What role, then, should international...

An end to global standards and codes?
January 1, 2009... In the wake of financial crises in the 1990s, the International Monetary Fund (IMF) and G7 officials, along with private sector financial actors, launched an effort to develop and promulgate a set of standards and codes to govern global finance. While this effort has witnessed some success...

Reregulation and fragmentation in international financial governance.(Report)
January 1, 2009... Every global financial crisis generates new regulatory responses. What kinds of responses are emerging so far from the crisis that began in 2007? How are these responses similar to or different from those that followed the last major crisis of 1997-1998? Arguably this crisis marks an...

The subprime accountability deficit and the obstacles of international standards setting.
January 1, 2009... Today's financial crisis has triggered some of the largest bank failures in history, including Washington Mutual and Fortis, as well as substantial instability throughout US, European, and Asian banking markets. Bank failures around the globe will likely continue as housing markets collapse...