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Reforming the Bretton Woods Institutions

Steps towards a more stable and equitable global financial system


Last week DIIS and the Ministry of Foreign Affairs of Denmark hosted an international conference that engaged young researchers from across the world. The aim was to rethink the role of the Bretton Woods Institutions in light of the financial crisis (see description). The conference was opened by the Minister of Foreign Affairs of Denmark, Dr. Per Stig Møller, and featured keynote addresses by leading international scholars, including Robert Wade (London School of Economics) and Robert Boyer (CEPREMAP). To see a web-stream with extracts from the Ministers opening remarks and an interview with Professor Robert Wade, please visit the Ministry’s website.

The conference identified a number of steps in moving towards a more stable an equitable global financial system. Establishing ways to curb global economic imbalances, how to improve the regulation of financial markets, and how to include a broader range of stakeholders in global economic governance were just a few among many pertinent themes discussed. Many of these themes will be high on the agenda when political leaders of the world’s largest economies meet at the G20 Summit in Pittsburg at the end of this week.

Concrete reform proposals inspired by the many contributions at the conference will be disseminated through the DIIS Policy Brief series in the coming weeks. Stay tuned!


Selected papers and presentations from the conference are now available for download (see below). The papers are work in progress, please do not quote.

Selected papers


Luca Fantacci and Massimo Amati.
Back to which Bretton Woods? Liquidity and clearing as alternative principles for reforming international finance.

Eleni Tsingou.
Regulatory reactions to the global credit crisis: Analysing a policy community under stress.

Christopher Balding.
The geo-political order and the future of the Bretton Woods System.

Eduardo Cavallo and Alejandro Izquierdo.
Dealing with an international credit crunch: Lessons from Latin America.

Pablo Nemiña.
Accomplishments and limitations of the recent reforms in the IMFs lending facilities and conditionality. Results of the empirical evidence.

Abilene Pitt.
New forms of power in post-neoliberal development policy: A case study of evolving World Bank lending practices in Argentina.

Presentations


Abilene Pitt
Aniket Bhushan
Anurag Srivastava
Christopher Balding
Eduardo Cavallo
Finn Østrup (discussant)
Julio Garin
Kevan Harris
Luca Fantacci
Pablo Nemiña
Robert Boyer
Robert Wade




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Updated: 22/09/09