Governing Global Finance: New Challenges, G7 and Imf Contributions

by Michele Fratianni (Editor), Paolo Savona (Editor), John J. Kirton (Editor)

As the twenty-first century opened, it was easy to assume that the reforms to the international financial system undertaken in the last half of the 1990's were adequate to the core tasks of ensuring stability, sustained growth and broadly shared benefits in the world economy. That comfortable consensus has now been shattered.This volume critically assesses in the elements and adequacy of recent G-7 led efforts at international financial reform; the current causes of and prospects for growth in the 'new' global economy; the current challenges of crisis prevention, private sector participation, and IFI responsibilities; and the fundamental issue of the world's monetary supply and sovereignty in the face of market forces. These issues are examined by leading economists and scholars of political economy from the academic and policy communities in G7 countries.

Author About the Michele Fratianni, Indiana University, USA, Paolo Savona, LUISS University, Italy and John J. Kirton, University of Toronto, Canada

313 pages, Hardcover

First published July 1, 2002