FINANCIAL STABILITY
Financial crises occur with increasing frequency in our integrated world economy. GEGI’s work on institutions for financial stability examines the extent to which nation states and international institutions interact to prevent and mitigate financial crises. Research looks at the the International Monetary Fund, the emerging ‘global financial safety net’ of regional financial institutions, swap networks, the Bank for International Settlements (BIS) and central bank diplomacy, the informal institutions surrounding sovereign debt workouts and the extent to which contemporary trade and investment treaties are compatible with existing regimes for financial stability.
Financial Stability – Latest News & Publications
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GDP Center Round-Up: G20 India Leaders’ Summit
September 07, 2023By Claire Paul On September 9-10, the Group of 20 (G20) will meet in New Delhi, India for its Leaders' Summit - a critical moment for... [ More ]
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Africa’s Inconvenient Truth: Debt Distress and Climate-Resilient Development in Sub-Saharan Africa
August 30, 2023Due to multiple external shocks since the outbreak of the COVID-19 pandemic, sub-Saharan Africa (SSA) is facing acute debt distress and new highs in the... [ More ]
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Closing the Global Crisis Finance Gap: Why and How the IMF Should Address Weaknesses in the Global Financial Safety Net
July 31, 2023Many low- and middle-income countries are struggling with deteriorating debt sustainability and external shocks, including the economic repercussions of the COVID-19 pandemic, Russia’s war in... [ More ]
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Authority and Discretion Over Troubled Sovereign Debt: Who Has Voice?
July 19, 2023By Leslie Elliott Armijo and Prateek Sood Global concern over the recent acrimonious debate surrounding raising the United States’ debt ceiling – and the tenuous relief... [ More ]
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Webinar Summary – Kindleberger and the 21st Century
July 17, 2023By Mridhu Khanna On Wednesday June 7, the Boston University Global Development Policy (GDP) Center hosted a webinar on “Kindleberger and the 21st Century” featuring Perry... [ More ]
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Towards a Balanced Quota Reform at the IMF
June 28, 2023The global financial system is confronting a multitude of challenges, from uncertain growth and widespread debt to climate risks and beyond. Amid these constraints, the... [ More ]
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Sustainable Future Bonds: Boosting MDB Lending and Improving the Global Reserve System
June 19, 2023Amid warnings from the Intergovernmental Panel on Climate Change that it is “now or never” to make the investments necessary to limit warming to 1.5°C... [ More ]
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Reviving the International Financial Transactions Tax Agenda for the G20
June 13, 2023As the need for substantive climate action and poverty alleviation becomes more urgent amid global crises, both developing and developed countries cannot fulfill the mechanisms... [ More ]
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Finance and Global Economic Governance for Green Transformation
May 25, 2023A clean energy transition and achievement of the UN 20230 Sustainable Development Goals (SDGs) in developing countries requires staggering amounts of resources that are currently... [ More ]
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Understanding AMRO’s Nested Outgrowth from the IMF
May 24, 2023By Yaechan Lee The International Monetary Fund (IMF) continues to be the focal institution in the Global Financial Safety Net (GFSN), which refers to a set... [ More ]