The Political Economy of Global Finance

The financial crisis has rekindled interest in the role of the International Monetary Fund, the international development banks and the regulatory institutions that span the private-public frontier. GEGI explores how these actors contribute to the stability and/or instability of modern finance and what factors shape their decisions. What financial reform options are desirable and feasible, and how should these international organizations contribute?

GEGI has two ongoing projects within this program:

Task Force on Regulating Global Capital Flows

The Pardee Center Task Force on Regulating Global Capital Flows addresses important questions concerning whether and how capital investments between developed and developing countries should be “regulated” or “managed.” While investment is essential for the development process, a growing proportion of foreign investment in developing countries is in the form of short-term “hot” money that has been shown to be extremely volatile and leaves developing country financial systems very vulnerable.

Financial Reform and Global Economic Institutions

The financial crisis has rekindled interest in the role of the International Monetary Fund, the international development banks and the regulatory institutions that span the private-public frontier. How do these actors contribute to the stability and/or instability of modern finance? What factors shape their decisions? What financial reform options are desirable and feasible, and how should these international organizations contribute?