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Tuesday November 24, 2009

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  • The Zedillo Commission Report on World Bank Reform: A Stepping Stone for the G-20 Summits in 2010

    Wed, 18 Nov 2009 00:00:00 GMT

    Johannes Linn comments on the final report issued in October 2009 by the High-Level Commission on Modernization of World Bank Group Governance. He reviews key recommendations and examines reform challenges the World Bank faces moving forward.

  • An Awkward Dance: China and the United States

    Wed, 11 Nov 2009 00:00:00 GMT

    An Awkward Dance: China and the United States
    While the economic entanglements between the U.S. and China have increased over the last decade, so has the tension. With President Obama visiting China and other Asian nations, Brookings expert Eswar Prasad and Grace Gu of Cornell University discuss the tightening embrace between the two countries—in terms of flows of goods and services, financial capital and people—and the implications.

  • The Global Economic Crisis of 2008: What Happened? What’s Next?

    Tue, 27 Oct 2009 18:00:00 GMT

    Event Information:

    • October 27, 2009, 6:00 PM to 8:00 PM

    On October 27, the Brookings Doha Center hosted a luncheon with Glenn H. Hutchins, co-founder and co-chief executive of Silver Lake Partners, and a trustee of the Brookings Institution, on the build-up to the global financial crisis, highlighting the important policy implications of the global recession. Hady Amr, director of the Brookings Doha Center, moderated the discussion which was attended by leading members of Qatar’s business and academic communities.

  • Jean Pisani-Ferry on the Transatlantic Economy After the Global Financial Crisis

    Mon, 26 Oct 2009 17:00:00 GMT

    Event Information:

    • October 26, 2009, 5:00 PM to 7:00 PM

    On October 26, the Center on the United States and Europe at Brookings hosted Jean Pisani-Ferry, a leading French economist, to deliver the Sixth Annual Raymond Aron Lecture. Mr. Pisani-Ferry assessed the impact of the global financial crisis on the closely intertwined economies of Europe and the United States, and their influence on the world economy.

  • Latin America: Time for Reform, Not for Complacency

    Mon, 19 Oct 2009 00:00:00 GMT

    Latin America: Time for Reform, Not for Complacency
    Latin America, a region that has faced both challenges and opportunities during the financial crisis, has had more economic growth than other areas of the world. Mauricio Cárdenas discusses the forces behind this economic success and the need for the region to seize this crisis as an opportunity to make important reforms to solve longstanding problems.

  • Global Macroeconomic Imbalances: G-20 Leaders Must Back up Their Rhetoric with Deeds

    Tue, 13 Oct 2009 00:00:00 GMT

    Global Macroeconomic Imbalances: G-20 Leaders Must Back up Their Rhetoric with Deeds
    The financial crisis has taught us a painful lesson that global macroeconomic imbalances can wreak enormous damage on the world economy. At the G-20 Pittsburgh Summit, leaders committed to a framework that would prevent further damage. Eswar Prasad proposes a Special Drawing Rights scheme that allows G-20 countries to make enforceable policy commitments.

  • The G-20, the "Istanbul Decisions" and the Way Forward

    Thu, 08 Oct 2009 00:00:00 GMT

    The G-20, the
    The fall global economic agenda is well underway with the completion of the G-20 Pittsburgh Summit and the IMF and World Bank Annual Meetings in Istanbul. Kemal Derviş discusses the key themes coming out of these “historic” meetings, highlighting the essential roles of both the informal and formal channels of global economic governance and the way forward after the crisis.

  • Growth After the Storm? A Longer Run Perspective on the Global Economy

    Sun, 04 Oct 2009 00:00:00 GMT

    Growth After the Storm?  A Longer Run Perspective on the Global Economy
    During a lecture at the IMF-World Bank 2009 Annual Meetings, Kemal Derviş discussed global growth prospects following the economic crisis and the role that supply side factors and macroeconomic management can play.

  • Modelling the Global Financial Crisis

    Mon, 28 Sep 2009 00:00:00 GMT

    Warwick McKibbin and Andrew Stoeckel use modelling to explore the economic effects of a global financial crisis where businesses and households unexpectedly switch between a pessimistic view on risk and then to a more moderate temporary scenario.

  • The 0.85 Percent Solution for Low-Income Countries

    Thu, 24 Sep 2009 00:00:00 GMT

    The 0.85 Percent Solution for Low-Income Countries
    A topic of discussion at previous G-20 summits, IBRD resources are central to helping poor countries survive this economic crisis. Homi Kharas discusses the importance of making IBRD resources much more widely available to promote development and urges G-20 leaders to continue talks about this issue at the summit in Pittsburgh.

  • G-20 Summit: Recovering from the Crisis

    Thu, 17 Sep 2009 00:00:00 GMT

    G-20 Summit: Recovering from the Crisis
    On September 24, President Obama will chair his first G-20 Summit in Pittsburgh. With the world economy improving, leaders will now focus their attention on economic recovery and restoring financial stability. Experts from Brookings Global Economy and Development program analyze top issues to be addressed at the summit and provide recommendations on how to effectively overcome global economic and governance challenges to ensure recovery now and to prevent future crises.

  • Monetary Policy and Financial Stability: An Address by José de Gregorio

    Thu, 17 Sep 2009 14:00:00 GMT

    Event Information:

    • September 17, 2009, 2:00 PM to 3:30 PM

    On September 17, the Brookings Institution will host Dr. José de Gregorio, governor of the Central Bank of Chile. Governor de Gregorio will outline his views on how best to structure monetary policy and regulatory frameworks in emerging markets to promote macroeconomic and financial stability.

  • The Future of Financial Institutions After the Global Financial Crisis

    Tue, 15 Sep 2009 10:21:31 GMT

    It’s been one year since the economic crisis hit hard with the failure of Lehman Brothers, which reverberated throughout the financial sector and the world. President Obama gave a speech on Wall Street pressing for financial system reforms to prevent a future similar crisis. Vice President and Economic Studies co-director Karen Dynan evaluates the impact of the government’s intervention over the past year and where we go from here.

  • Could a Resurgent Global Economy Relapse into Global Imbalances?

    Mon, 14 Sep 2009 00:00:00 GMT

    A year after the bankruptcy of Lehman Brothers and the ensuing near collapse of the U.S. financial system, Eswar Prasad reflects on what led to these circumstances and urges for coordinated solutions to avoid further global imbalances.

  • Monetary Policy Challenges for Emerging Market Economies

    Wed, 19 Aug 2009 00:00:00 GMT

    Monetary Policy Challenges for Emerging Market Economies
    The debate between theorists and practitioners on monetary policy challenges for emerging market economies continues. This paper by Brookings expert Eswar Prasad, Gill Hammond, and Ravi Kanbur addresses the dialogue between academics and policymakers on this issue and sets an agenda for further research.

  • Rebalancing Growth In Asia Depends on Chinese Consumer Spending

    Sun, 02 Aug 2009 00:00:00 GMT

    Rebalancing Growth In Asia Depends on Chinese Consumer Spending
    Eswar Prasad argues that a key component in restoring overall global financial health is to fix growth imbalances in Asia's emerging markets, especially China's excessive dependence on export- and investment-led growth. Prasad encourages financial market development in China to increase private consumption to make growth more balanced and thus help stabilize the world financial and economic systems.

  • Sky’s the Limit? National and Global Implications of China’s Reserve Accumulation

    Tue, 21 Jul 2009 00:00:00 GMT

    Sky’s the Limit? National and Global Implications of China’s Reserve Accumulation
    While the financial crisis slowed the pace of foreign exchange reserve accumulation in late 2008, growth has recently taken off again. China announced its stock of reserves crossed the astounding milestone of $2 trillion this spring. Eswar Prasad and Isaac Sorkin analyze the sources and patterns of reserve accumulation and examine what implications this reserve buildup has for the Chinese and global economies.

  • Latin America and the Economic Crisis: Designing and Implementing Stimulus Policies

    Thu, 25 Jun 2009 00:00:00 GMT

    Mauricio Cárdenas critiques the conventional wisdom that economic contractions are a thing of the past in Latin America and a growing belief the region will soon be out of the recession. He concludes that any recovery will be slow and there may be periods of sharp adjustment during the process.

  • Four Reflections on the Political Consequences of the Economic Crisis in Latin America

    Thu, 25 Jun 2009 00:00:00 GMT

    Four Reflections on the Political Consequences of the Economic Crisis in Latin America
    Kevin Casas-Zamora analyzes what is known and unknown about the global financial crisis and its effects on Latin America. Casas-Zamora explores four main issues regarding the political ramifications of the crisis and offers suggestions on how governments in the region should respond.

  • Latin America and the Economic Crisis: An Address by Chilean President Michelle Bachelet

    Tue, 23 Jun 2009 10:00:00 GMT

    Event Information:

    • June 23, 2009, 10:00 AM to 11:50 AM

    On June 23, the Brookings Institution hosted Her Excellency Michelle Bachelet, president of the Republic of Chile, for a discussion of the Latin American countries and the economic measures they are taking to cope with the global financial crisis.

  • The G8 and Beyond: The Economics and Politics of a Global Century?

    Sun, 21 Jun 2009 08:00:00 GMT

    Event Information:

    • June 21, 2009, 8:00 AM to 5:00 PM
    • June 22, 2009, 8:00 AM to 5:00 PM

    On June 21 and 22, the Italian Foreign Ministry held a conference in partnership with the Brookings Institution, Aspen Italia, Club de Madrid, Link Campus University – Sage, and Centro di Eccellenza Jean Monnet – Fondazione Economia Tor Vergata. The goal of the conference was two-fold: to generate ideas that transcend the tyranny of the urgent and could help inform preparations for the Italy-hosted G8 Summit in July 2009; and to generate debate and discussion on longer-term efforts to reform the international system.

  • Foresight USA Symposium

    Thu, 18 Jun 2009 08:30:00 GMT

    Event Information:

    • June 18, 2009, 8:30 AM to 10:00 PM
    • June 19, 2009, 8:30 AM to 4:30 PM

    On June 18 and 19, 2009, the Foresight project held its second major regional symposium in Washington, D.C. Organized by the Alfred Herrhausen Society in partnership with Policy Network and the Brookings Institution, it provided a unique opportunity to advance the task of forging a new global consensus on the shape of the emerging world order and the role of the United States within it.

  • Q&A: Geithner's First Trip to China

    Thu, 28 May 2009 00:00:00 GMT

    Q&A: Geithner's First Trip to China
    U.S. Treasury Secretary Timothy Geithner's first trip to China will feature a range of discussions about global economic issues and the U.S.-China economic relationship. Eswar Prasad outlines some of the critical agenda items and the broader challenges facing these two closely intertwined economies.

  • The Political Implications of the Economic Crisis for the European Union

    Wed, 20 May 2009 00:00:00 GMT

    Justin Vaisse assesses the risks of seeing the European Union or the Eurozone break up because of the economic crisis. Far from this outcome, Vaisse surveys the reasons why Europe will resist and predicts that it will eventually bounce back to become a stronger union

  • Thresholds in the Process of International Financial Integration

    Tue, 19 May 2009 00:00:00 GMT

    Thresholds in the Process of International Financial Integration
    The financial crisis has re-ignited the debate about the merits of financial globalization and its implications for growth, especially for developing countries. In a new paper, Eswar Prasad and co-authors present a framework for certain economic “thresholds,” such as institutional quality, that once met, can increase the benefits of financial openness.

  • Japanese Politics Today and the Impact on U.S.-Japan Relations

    Thu, 14 May 2009 14:15:00 GMT

    Event Information:

    • May 14, 2009, 2:15 PM to 4:00 PM

    On May 14, CNAPS hosted Robert “Skipp” Orr, chairman of the board of the Panasonic Foundation, for a presentation entitled “Japanese Politics Today and the Impact on U.S.-Japan Relations.” Dr. Orr discussed the current state of affairs in Japanese politics, the upcoming general elections, and the economic climate in Japan.

  • Obama's First 100 Days: Recommendations and an Evaluation of U.S. Global Engagement

    Fri, 01 May 2009 00:00:00 GMT

    Obama's First 100 Days: Recommendations and an Evaluation of U.S. Global Engagement
    President Obama took office with a sweeping agenda to restore America’s image and rebuild U.S. alliances to meet the common challenges of the 21st Century. As the new administration passes the 100 day milestone, the Managing Global Insecurity Project (MGI) assesses progress toward a new era of U.S. global leadership and compares the early actions of the Obama administration to the recommendations of MGI.

  • Latin America's Challenges Beyond the Global Crisis

    Fri, 24 Apr 2009 11:00:00 GMT

    Event Information:

    • April 24, 2009, 11:00 AM to 12:00 PM

    On April 24, the Brookings Institution and the Andean Development Corporation (CAF) hosted a discussion on the present and future impact of the financial crisis on Latin America.

  • IMF Governance Reform: A Discussion on the Recommendations of the Committee

    Fri, 24 Apr 2009 14:30:00 GMT

    Event Information:

    • April 24, 2009, 2:30 PM to 4:00 PM

    On April 24, the Brookings Institution hosted a conversation with Trevor Manuel and George Soros, among other distinguished panelists, on the recommendations by the Committee on IMF Governance and also discussed broader global financial challenges, including proposals for a new global reserve currency.

  • The Global Financial Crisis: Causes and Consequences

    Thu, 09 Apr 2009 00:00:00 GMT

    As the global economy begins to show some signs of recovery following the financial crisis, many are asking if the worst is over. In an interivew with the Australian Broadcasting Cooperation, Warwick McKibbin discusses the causes and consequences of the crisis and his optimitism for economic growth in many countries.

  • Economic Downturn and Instability in China: Time for Political Reform?

    Wed, 08 Apr 2009 00:00:00 GMT

    Economic Downturn and Instability in China: Time for Political Reform?
    Though China’s economy is continuing to grow, the global economic crisis is contributing to rising unemployment there and increasing the potential for instability. Former CNAPS Visiting Fellow Ray Yep writes that the Chinese government is unlikely to heed calls for political reform in this climate, but will seek to soothe the discontented by economic means.

  • What the G-20 Wants: London Summit

    Wed, 01 Apr 2009 00:00:00 GMT

    What the G-20 Wants: London Summit
    On April 2, international leaders, including representatives of regional organizations, will meet in London for the second G-20 Summit. The Chicago Council on Global Affairs and the Managing Global Insecurity project at Brookings have launched a special online forum asking experts and policy-makers from the G-20 nations to submit commentary on what their country hopes to accomplish at the meeting.

  • The London Summit: Can the G-20 Fix the Financial Crisis?

    Mon, 30 Mar 2009 11:00:00 GMT

    Event Information:

    • March 30, 2009, 11:00 AM to 12:30 PM

    Leaders of the world’s 20 largest economies, including President Barack Obama, will gather in London on April 2 for summit focused on the global financial crisis. On March 30, Brookings hosted a discussion with leading experts on the critical issues facing the leaders at the G-20 Summit.

  • The Limits to Fiscal Stimulus in Latin America and the Caribbean

    Fri, 20 Mar 2009 00:00:00 GMT

    Despite calls for all countries to pursue stimulus efforts, not all countries are capable of enacting fiscal stimulus plans to foster economic growth during the global financial crisis. Mauricio Cárdenas and Julia Guerreiro discuss the current status of Latin American countries and consider the magnitude of fiscal stimulus efforts already underway.

  • Political Economy of Turkey: In Search of Stability Amid Domestic and Global Crises

    Mon, 16 Mar 2009 00:00:00 GMT

    Abdullah Akyüz examines the political economy of Turkey from the domestic crisis of 2001 to the global crisis of 2008 and speculates about the current crisis as well as its implications for the Turkish economy.

  • From the G-20 to AIG: The Unfinished Turmoil in Global Banking and Finance

    Mon, 16 Mar 2009 00:00:00 GMT

    From the G-20 to AIG: The Unfinished Turmoil in Global Banking and Finance
    In an interview with NPR's On Point, scholars Eswar Prasad and Kenneth Rogoff discuss the current banking and global finance issues, and the importance of global leadership as the G-20 Summit approaches.

  • A G-20 Insurance Solution for Global Imbalances

    Tue, 10 Mar 2009 00:00:00 GMT

    A G-20 Insurance Solution for Global Imbalances
    What would help governments move beyond short-term solutions to the financial crisis and towards efforts to regain global financial stability? Eswar Prasad proposes creating an insurance pool for the Group of 20 largest economies in order to reduce incentives for reserve buildups and help focus policymakers on the international consequences of domestic actions.

  • Assessing the G-20 Stimulus Plans: A Deeper Look

    Thu, 05 Mar 2009 00:00:00 GMT

    Almost all of the G-20 countries have agreed to some type of fiscal stimulus plan to get their economies back on track but how strong are the plans and what measures are included? Eswar Prasad and Isaac Sorkin analyze the G-20 stimulus plans in detail in new research.

  • Why Human Psychology Matters to the Global Financial Crisis

    Mon, 02 Mar 2009 10:00:00 GMT

    Event Information:

    • March 02, 2009, 10:00 AM to 12:00 PM

    On March 2, the Brookings Institution hosted Nobel laureate and Brookings Nonresident Senior Fellow George A. Akerlof and acclaimed economist Robert J. Shiller for a discussion of their new book, Animal Spirits: How Human Psychology Drives the Economy, and Why it Matters for Global Capitalism. Akerlof and Shiller assert the necessity of an active government role in economic policymaking by recovering John Maynard Keynes’s insight about "animal spirits."

  • World Bank Reform: Proposals for the Next G-20 Summit

    Wed, 25 Feb 2009 00:00:00 GMT

    World Bank Reform: Proposals for the Next G-20 Summit
    The April 2, 2009 G-20 Summit should focus on easing the impact of the global financial crisis—particularly on the world’s poor. Leading up to the summit, Johannes Linn lists recommendations for critical World Bank reform so that the global institution can aid the developing world during this time of crisis.

  • Fixing Finance: A Roadmap for Reform

    Mon, 16 Feb 2009 00:00:00 GMT

    Fixing Finance: A Roadmap for Reform
    As policy-makers and the public have been focused on the stimulus and the bank bailout, tough policy questions about how to get at the root cause of the current economic problems remain—how to fix the financial system for the long-term. Martin Baily and Robert Litan lay out a roadmap for reform, one that harnesses the forces of market discipline that were ignored in the run-up to the current crisis, which they say can and must be retained after the need for massive short-run government intervention has passed.

  • The Great Stability is Over: The Poverty Trap Facing Low-Income Countries

    Mon, 16 Feb 2009 00:00:00 GMT

    Homi Kharas analyzes the impact of the financial crisis on developing countries—from declining economic growth forecasts to cutbacks in development assistance. He argues that greater attention should be paid to managing risk in low income countries and developing countercyclical instruments in the international institutions to aid the developing world.

  • The Economic Crisis and its Impact on the Chinese People’s Liberation Army

    Tue, 10 Feb 2009 00:00:00 GMT

    The Economic Crisis and its Impact on the Chinese People’s Liberation Army
    Little attention has been given to the impact of the economic crisis on China’s national defense, or to its potential impact on the Chinese People’s Liberation Army’s (PLA). In this Brookings Northeast Asia Commentary, Kristen Gunness examines the effects of the economic environment on the PLA in three particular areas: the defense budget, domestic unrest, and civil-military relations.

  • Ernest Aryeetey, Head of Leading African Think Tank, Joins Brookings to Direct Africa Growth Initiative

    Fri, 30 Jan 2009 09:25:07 GMT

    Ernest Aryeetey, a leading economist at the University of Ghana, will join Brookings as senior fellow and director of the Africa Growth Initiative, Brookings President Strobe Talbott announced.

  • Global Economic Crisis: Made in America

    Fri, 30 Jan 2009 00:00:00 GMT

    ‘Buy American’ provisions may provide job security to some, but Brookings Nonresident Senior Fellow Nayan Chanda says protectionism will stunt global trade.  Chanda urges world leaders to stay calm in the face of a raging storm, while trying to stimulate the economy without triggering a new wave of protectionism. 

  • Memo to the President: Restore Global Financial Stability

    Fri, 09 Jan 2009 00:00:00 GMT

    Memo to the President: Restore Global Financial Stability
    America faces a profoundly altered financial landscape and a rapidly shifting world economic order. To meet the challenges of maintaining strong domestic economic growth and restoring global financial stability, we need a national agenda that tackles a broad range of domestic economic policy issues and promotes constructive engagement with the global economy.

  • Restore Global Financial Stability

    Fri, 09 Jan 2009 10:30:00 GMT

    Event Information:

    • January 09, 2009, 10:30 AM to 12:00 PM

    America faces enormous challenges in restoring financial stability, reviving economic growth and dealing with the shifting balance of world economic power. On January 9, Eswar Prasad will offer a public memo to President-elect Obama with recommendations on how to restore global financial stability, move America's economy forward and usher in a new era of global cooperation.

  • Tackling the Crisis of Global Order

    Tue, 09 Dec 2008 00:00:00 GMT

    Tackling the Crisis of Global Order
    Strobe Talbott and Thomas Pickering of the U.S. Advisory Group of the Managing Global Insecurity Project joined co-directors Carlos Pascual, Bruce Jones, and Stephen Stedman to assess several lessons of the current global financial crisis and resulting G20 summit. They argue that even though this is a trying time, it has brought about renewed prospects of broader cooperation, which is something the global community needs now more than ever.

  • The Global Financial Crisis and the Gulf Cooperation Council

    Sun, 23 Nov 2008 12:30:00 GMT

    Event Information:

    • November 23, 2008, 12:30 PM to 2:00 PM

    On November 23, the Brookings Doha Center hosted a policy discussion and lunch at the Doha Ritz Carlton on the subject of the global financial crisis and the countries of the Gulf Cooperation Council (G.C.C.). The talk, which featured panelists Ibrahim Oweiss, visiting professor at the Georgetown School of Foreign Service in Qatar, and Nadim Al Mallah, business news anchor and editor for Al Jazeera, examined both the impact of the crisis on the economic growth of the G.C.C. and the media’s role in educating and influencing Gulf investors.

  • Trade and the G-20 Financial Summit: Next Steps for the Doha Round?

    Mon, 17 Nov 2008 00:00:00 GMT

    Trade and the G-20 Financial Summit: Next Steps for the Doha Round?
    At the G-20 summit, leaders pledged to strive to reach an agreement on the Doha Round this year and also resist the temptation to raise new barries to investment and trade. Paul Blustein, an expert on the WTO, discusses the outcome and what is ahead for the global trade agenda.

  • Assessing the Key Outcomes of the G-20 Summit

    Mon, 17 Nov 2008 00:00:00 GMT

    Assessing the Key Outcomes of the G-20 Summit
    What were the biggest outcomes of the G-20 summit on the financial crisis? Mauricio Cardenas examines the results and notes which steps were worthwhile, what is next and what is left hanging.

  • The G-20 Summit: The Medium was the Message

    Mon, 17 Nov 2008 00:00:00 GMT

    The G-20 Summit: The Medium was the Message
    Despite having seats at the G-20 summit table, emerging market countries are only beginning to work within the broader system, argues Lex Rieffel in a new commentary post-summit, and big tasks lie ahead for the global financial system and the future of the G8/G-20.

  • The G-20 Financial Summit: A New Day for Global Governance

    Mon, 17 Nov 2008 00:00:00 GMT

    The G-20 Financial Summit: A New Day for Global Governance
    Following the G-20 summit, Colin Bradford analyses the outcomes of the meeting and the governance implications, noting the G-20 has now de facto replaced the G-8.

  • Targeted Improvements in Crisis Resolution, Not a New Bretton Woods

    Fri, 14 Nov 2008 00:00:00 GMT

    In a recent article, Erik Berglöf discusses what G-20 leaders must do to stabilise our economy and fix the financial system.

  • The G-20 Financial Summit: What’s at Stake?

    Fri, 14 Nov 2008 13:00:00 GMT

    Event Information:

    • November 14, 2008, 1:00 PM to 2:30 PM

    For the first time, leaders of G-20 countries gathered in Washington for an emergency summit on the global financial crisis. Brookings experts discussed the critical issues, including what is at stake and what can be accomplished, at a briefing on Friday, November 14.

  • APEC: The Challenge of Remaining Relevant

    Fri, 14 Nov 2008 00:00:00 GMT

    APEC: The Challenge of Remaining Relevant
    As leaders from around the Asia-Pacific gather in Peru for the APEC summit on November 22-23, former CNAPS Visiting Fellow Richard Weixing Hu writes in the Brookings Northeast Asia Commentary that APEC’s relevance could be jeopardized by its hollow dialogue agendas and competition from the growing number of regional community building projects.

  • What the G-20 Wants

    Thu, 13 Nov 2008 00:00:00 GMT

    What the G-20 Wants
    World leaders gathered in Washington, D.C. to respond to the international financial crisis. The Managing Global Insecurity project and The Chicago Council on Global Affairs hosted a special online forum of global perspectives on the summit. The result is an intriguing glimpse into pivotal issues that will continue to dominate discussions about the crisis.

  • The G-20 Financial Summit: Seven Issues at Stake

    Wed, 12 Nov 2008 00:00:00 GMT

    The G-20 Financial Summit: Seven Issues at Stake
    Leaders from G-20 countries gathered in Washington, D.C. to address a financial crisis whose evolution highlights a dramatic shift in the global economy. In a new report, Brookings Global experts examine seven key issues at stake and make recommendations for next steps.

  • Building a Better Global Financial System

    Wed, 12 Nov 2008 00:00:00 GMT

    Building a Better Global Financial System
    As G-20 leaders prepared to meet in November, many called for a “Bretton Woods II” as the next step toward preventing future financial meltdowns. Lex Rieffel argues that this proposal is problematic because it lumps the World Bank with the IMF and argues for a strengthened IMF.

  • International Cooperation for Prudential Oversight of Finance: Which Institutions? Which Countries?

    Sun, 09 Nov 2008 00:00:00 GMT

    World leaders are gathering this weekend at the G-20 summit in Washington to discuss the global economic and financial crisis. In the first of his two pieces, Ralph Bryant lays out general principles for international cooperation in the supervision and regulation of financial activity. In the second piece, he identifies difficult challenges confronting the participating countries and the international institutions—such as the IMF, the Bank for International Settlements and the Financial Stability Forum—that will be the locus of cooperative efforts.

  • Prudential Oversight of Finance: First Principles for International Cooperation

    Sat, 08 Nov 2008 00:00:00 GMT

    World leaders gathered at the G-20 summit in Washington to discuss the global economic and financial crisis. In the first of his two pieces, Ralph Bryant lays out general principles for international cooperation in the supervision and regulation of financial activity. In the second piece, he identifies difficult challenges confronting the participating countries and the international institutions—such as the IMF, the Bank for International Settlements and the Financial Stability Forum—that will be the locus of cooperative efforts.

  • Overhauling the Global Financial System

    Tue, 28 Oct 2008 16:04:14 GMT

    President Bush will meet with a host of G20 international leaders in mid-November to work on overhauling global financial systems. The hope is to establish international protocols to prevent a repeat of the current global economic crisis. Senior Fellow Ralph Bryant says the summit is a good idea but is not hopeful that it will yield any immediate results.

  • Global Financial Crisis: What Should the U.S. Show the World?

    Tue, 28 Oct 2008 00:00:00 GMT

    Global Financial Crisis: What Should the U.S. Show the World?
    CNAPS Nonresident Fellow Yeongseop Rhee writes that the current financial crisis calls to mind the 1997-1998 Asian crisis. At that time, the U.S. and international organizations blamed Asian countries for their plight and prescribed harsh measures for fixing the situation. Dr. Rhee argues that now the U.S. must follow its own advice to maintain its leadership position.

  • The G-20 Summit: Could the Financial Crisis Push Global Governance Reform?

    Fri, 24 Oct 2008 00:00:00 GMT

    The G-20 Summit: Could the Financial Crisis Push Global Governance Reform?
    President Bush recently announced that he has invited the G-20, or the heads of state from the top 20 industrialized and developing economies, to join an economic summit in Washington on November 15. According to Johannes Linn and Colin Bradford, inviting the full G-20 to discuss the current global financial crisis represents a critical step in reforming financial and economic stability, relations and institutions.

  • Global Perspectives on the U.S. Financial Crisis

    Fri, 10 Oct 2008 09:30:00 GMT

    Event Information:

    • October 10, 2008, 9:30 AM to 11:30 AM

    What’s next for the global financial markets? Brookings hosted a discussion on the global implications of the U.S. financial crisis, featuring the Honorable Wayne Swan, MP, Treasurer of the Commonwealth of Australia, and projections by Brookings experts on the future of emerging and financial markets.

  • Top 10 Global Economic Challenges Facing America's 44th President

    Fri, 10 Oct 2008 00:00:00 GMT

    Top 10 Global Economic Challenges Facing America's 44th President
    As President-Elect Obama prepares to lead the United States, what are the top global economic challenges facing the new president and his advisors and how should the new administration address them? A new report by Brookings global economic and development experts ranks the top 10 issues and details specific ideas for how to tackle the toughest challenges.

  • On the Politics of Financial Meltdowns

    Wed, 08 Oct 2008 00:00:00 GMT

    On the Politics of Financial Meltdowns
    Recent economic events in the United States have proven that the financial crisis is a political phenomenon. Raj Desai draws five lessons the US can learn from the political economy of recent financial crises in emerging markets.

  • Health Systems Strengthening Via Performance-Based Aid

    Tue, 30 Sep 2008 00:00:00 GMT

    Health Systems Strengthening Via Performance-Based Aid
    In the global health arena, performance-based aid projects have increased in recent years. Global health experts examine recent experiences with these projects and analyze lessons for policymakers.

  • The IMF and the World Bank: It's Time to Separate the Conjoined Twins

    Mon, 22 Sep 2008 00:00:00 GMT

    The IMF and the World Bank: It's Time to Separate the Conjoined Twins
    Sixty years following the creation of the IMF and the World Bank, the nature of global financial, emerging markets and poverty aid has changed dramatically. Lex Rieffel argues that if the institutions were to be created today they would be structured differently and located outside of Washington. His case and recommendations for reform are contained in a new working paper.

  • Can the World Be Governed? Possibilities for Effective Multilateralism

    Wed, 10 Sep 2008 16:00:00 GMT

    Event Information:

    • September 10, 2008, 4:00 PM to 5:30 PM

    As the global economic and power structures have shifted in recent years, calls for reform of global institutions and governance mechanisms have increased. On September 10, Brookings hosted the Centre for International Governance Innovation to discuss the possibility of reform of current international organizations and processes and what the best options are for effective reform.

  • Smooth and Predictable Aid for Health: A Role for Innovative Financing?

    Sun, 31 Aug 2008 00:00:00 GMT

    Smooth and Predictable Aid for Health: A Role for Innovative Financing?
    The amount and frequency of aid for global health projects can be volatile and uncertain, further complicating efforts to maintain programs and services. In a new working paper, Amanda Glassman and Chris Lane examine how innovating health financing might help make global health aid more predictable.

  • Innovative Financing for Global Health: Tools for Analyzing the Options

    Sun, 31 Aug 2008 00:00:00 GMT

    Innovative Financing for Global Health: Tools for Analyzing the Options
    With numerous new tools for financial global health aid, how should governments and donors examine and prioritize the options? Brookings global health experts examine the options and proposal a framework to help guide aid decisions.

  • Progress in Emerging Markets is Being Put at Risk

    Fri, 18 Jul 2008 00:00:00 GMT

    While still struggling to understand how to regulate sophisticated financial systems, the world has had more success with managing less sophisticated ones, yielding impressive achievements in emerging market financial systems. Brookings Scholar Erik Berglöf and University of Chicago, Graduate School of Business professor Raghuram Rajan recommend the correct response in emerging markets to the global crisis should be to accelerate reforms that strengthen the financial and regulatory infrastructure.

  • The Housing Crisis and Lessons for Monetary Policy

    Mon, 21 Apr 2008 11:30:00 GMT

    Event Information:

    • April 21, 2008, 11:30 AM to 1:00 PM

    On April 21, the Brookings Institution and the International Monetary Fund (IMF) hosted a presentation of recent cross-country IMF research on the housing sector and monetary policy, as released in the April 2008 World Economic Outlook.

  • Economic Growth Strategies for Developing Countries in an Era of Global Uncertainty

    Mon, 14 Apr 2008 10:00:00 GMT

    Event Information:

    • April 14, 2008, 10:00 AM to 12:00 PM

    Since 1950, only 12 countries have managed to grow at rates in excess of 7 percent for 25 years or more. Many more countries—in places as diverse as Latin America, Africa, and the Middle East—have managed high growth rates for shorter periods, only to see that growth falter.  On April 14, The Hamilton Project and the Commission on Growth & Development hosted a discussion on the role of economic growth in reducing poverty in developing nations.

  • The Stability of Global Financial Markets

    Wed, 09 Apr 2008 00:00:00 GMT

    The Stability of Global Financial Markets
    In a new Q&A on global economic issues, Lex Rieffel examines the global impact of the U.S. subprime woes, rising food and commodity prices and sovereign wealth funds.

  • Capital Account Liberalization, Real Wages, and Productivity

    Mon, 31 Mar 2008 00:00:00 GMT

    Capital Account Liberalization, Real Wages, and Productivity
    In new research, Peter Blair Henry shows the benefits of stock market opening for developing countries.

  • Western Banks Must Take Their Own Medicine

    Thu, 28 Feb 2008 00:00:00 GMT

    Western Banks Must Take Their Own Medicine
    In a recent op-ed, Erik Berglof discusses how European central banks might handle the current global financial crisis.

  • Better Aid for AIDS Treatment: The Promise of Endowment Funds

    Thu, 29 Nov 2007 00:00:00 GMT

    Better Aid for AIDS Treatment: The Promise of Endowment Funds
    The continuity and sustainability of global health financing continues to be a major challenge in the fight to stem HIV/AIDS, particularly in developing countries. Brookings Global Health expert Amanda Glassman examines country-based endowment funds as one innovative financing mechanism that could help alleviate this ongoing problem.

  • People In Transition: Assessing the Economies of Central and Eastern Europe and the CIS

    Wed, 28 Nov 2007 12:00:00 GMT

    Event Information:

    • November 28, 2007, 12:00 PM to 12:00

     

  • Q&A on International Financial Markets and the IMF

    Tue, 13 Nov 2007 00:00:00 GMT

    In a time of increasing uncertainty about global financial markets and the future of the international monetary system, Peter Kenen, Walker Professor of Economics and International Finance Emeritus at Princeton University, discussed the most critical global economic issues and the future of the International Monetary Fund with Domenico Lombardi, Brookings Global Nonresident Senior Fellow.

  • IMF Reform: A Marathon, Not a Sprint

    Tue, 13 Nov 2007 12:00:00 GMT

    Event Information:

    • November 13, 2007, 12:00 PM to 7:15:00 PM

     

  • The Subprime Mortage Crisis and Central Banks: a Rock and a Hard Place

    Sun, 11 Nov 2007 00:00:00 GMT

    Brookings Scholar Urjit Patel examines the global effects of the US sub-prime market crisis on central banks.

  • Social Health Insurance Re-Examined: New Evidence on Impact from Eastern Europe and Central Asia

    Wed, 07 Nov 2007 12:00:00 GMT

    Event Information:

    • November 07, 2007, 12:00 PM to 12:00

    The Global Health Financing Initiative hosted a presentation given by Adam Wagstaff, Lead Economist at the World Bank, on the impact of social health insurance (SHI) on health care spending, utilization, health status and labor markets in developing and transition countries.

  • Improving Government Expenditure Performance in Africa: World Bank Experiences

    Tue, 23 Oct 2007 12:30:00 GMT

    Event Information:

    • October 23, 2007, 12:30 PM to 2:30

    The World Bank’s Africa team examined the major governance issues, successful reforms and fiduciary challenges facing governments in the region from the perspective of World Bank staff who work closely with developing country leaders.

  • Global Health Views: Donor Perspectives on Innovative Financing

    Mon, 22 Oct 2007 00:00:00 GMT

    On October 22, 2007, representatives of development aid agencies in the UK, France, Germany, Italy and the Netherlands were joined by ministry officials from Rwanda and Liberia at Brookings to discuss the role that innovative financing plays in donor health aid portfolios and how to assess whether new instruments add value in a crowded health aid landscape.

  • Ministries of Finance and Civil Society Organizations: Friends or Foes?

    Thu, 18 Oct 2007 13:30:00 GMT

    Event Information:

    • October 18, 2007, 1:30 PM to 4:00 PM

    On October 18, Brookings hosted Dr. Ngozi Okonjo-Iweala, distinguished visiting fellow with Global Economy and Development, who has just been named Managing Director of the World Bank, for a presentation of her paper titled The Role of Civil Society Organizations in Supporting Fiscal Transparency in African Countries.

  • Improving Government Expenditure Performance in Eastern Europe and Central Asia: World Bank Experiences

    Tue, 09 Oct 2007 12:00:00 GMT

    Event Information:

    • October 09, 2007, 12:00 PM to 2:30

    The World Bank’s Eastern Europe and Central Asia team examined the major governance issues, successful reforms and fiduciary challenges facing governments in the region from the perspective of World Bank staff who work closely with developing country leaders.

  • Is the "Surge" Working? Some New Facts

    Fri, 14 Sep 2007 00:00:00 GMT

    Michael Greenstone assesses the Surge's impact on three key dimensions: the functioning of the Iraqi state (including civilian casualties); military casualties; and financial markets' assessment of Iraq's future.

  • Key Features for Governance Reform of the IMF

    Tue, 27 Mar 2007 00:00:00 GMT

    Presentation by Ralph C. Bryant (03/27/07)

  • No Stepping Back: America's International Economic Agenda for 2003-05

    Mon, 01 Dec 2003 00:00:00 GMT

    International Economic Agenda 2003-5, Lael Brainard, Brookings Review, Winter 2003

  • The Case of China

    Sat, 01 Mar 2003 00:00:00 GMT

    Nicholas Lardy argues that China avoided the Asian financial crisis primarily because its financial system was relatively closed. Domestic financial liberalization had not yet begun.