The Pittsburgh G20 checklist

In this timely policy contribution, Visiting Scholar Ignazio Angeloni suggests that the Pittsburgh G20 may represent policymakers' last chance at real financial market reform. He develops a shortlist of recommendations for world leaders to tackle at the summit and says that world leaders at the summit must strengthen the stability of the financial sector while avoid micro-management. G20 leaders must also strengthen the global financial governance structures and work on an IMF-led framework to containing the development of future current-account imbalances across nations. This latest version also includes a postscript written by Angeloni and published in the October 2009 issue of Intereconomics: Review of European Economic Policy judging the outcome of the summit.