Search by publisher

Display by category

Search results

Fixing the Financial Sector: Is the G20 Helping Developing Countries?

Jesse Griffiths

25 Jun 2015 14:54:19

Article also published in Heinrich Boell Stiftung's G20 and BRICS Update E-Newsletter.  The G20’s track record on financial sector reform is uninspiring, and its failure to tackle the major concerns of developing economies or make the global financial system less prone to crisis suggests it is time to start searching for a more effective and more legitimate successor.  The following three graphs tell us three important things about changes to the financial sector since the global economic crisis. The first graph, from an excellent paper by Yilmaz Akyüz, chief economist of the intergovernmental think tank, the South Centre, shows that financial assets (that they own overseas) and liabilities (that foreigners own in their countries) of emerging and developing economies ...
G20: what was achieved in 2014? The leaders of the G20 group of nineteen large economies plus the European Union met in Brisbane in November last year, capping off a year during which rhetoric significantly overshadowed achievements. Eurodad’s wrap ...
The communiqué from this weekend’s G20 finance ministers’ meeting in Cairns tried to paper over increasingly evident cracks in the global economy, trumpeted an OECD initiative to reduce tax dodging which is not as good as it seems, continued to focus ...
The G20 leaders' summit, concluded on 6 September, saw economic policy pushed to the sidelines by division over Syria, concealing the fact that many pressing issues, including dealing with sovereign debt crises ...
G20 finance ministers’ wrapped up their meeting in Moscow on 20th July, but their communiqué reveals only limited progress on tackling tax dodging, no attempts to put in place permanent solutions to sovereign debt crises, and a potential focus on volatile ...