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As the finance-strapped International Monetary Fund (IMF) was placed at the centre of coordinating funding and offering ideas to navigate out of the international financial crisis, it became clear that the international community needed to reinvigorate the emerging market economies’ role...
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Following the 2007–2008 global financial crisis, the G20 leaders tasked the International Monetary Fund (IMF) and the newly created Financial Stability Board (FSB) to jointly undertake Early Warning Exercises (EWEs) in order to identify vulnerabilities within the global financial system...
Persistent link: https://www.econbiz.de/10011142253
The Bush administration hopes that through a Middle East Free Trade Area (MEFTA), peace and stability can be achieved through intra-regional economic cooperation. The current impediments to intra-regional economic cooperation, however, will make a MEFTA a hub-and-spoke trade relationship between...
Persistent link: https://www.econbiz.de/10005686384
The European Union’s venture into enhancing trade linkages with the Middle East, as conceived by the 1995 Barcelona Process, had high hopes but failed in producing the intended political and economic deliverables. The Euro–Mediterranean Partnerships were flawed, as they created a...
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The 2008 financial crisis was the worst since the Great Depression and many voices argued that it would transform global financial governance. Analysts anticipated a "Bretton Woods moment", referring to the 1944 conference that established the postwar international financial order. Widespread...
Persistent link: https://www.econbiz.de/10010798633
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This article analyses a set of financial advisory missions led primarily by Robert Triffin of the US Federal Reserve Board to Latin American countries during the 1940s. These missions developed a new approach to international ‘money doctoring’ that rejected both the content and style of the...
Persistent link: https://www.econbiz.de/10005610125