2nd Edition

The Redesign of the Global Financial Architecture State Authority, New Risks and Dynamics

By Stuart P. M. Mackintosh Copyright 2021
246 Pages 13 B/W Illustrations
by Routledge

246 Pages 13 B/W Illustrations
by Routledge

246 Pages 13 B/W Illustrations
by Routledge

More than ten years on from the most intense phase of the global financial crisis, and the collective international response in the G20 summit in London, a ‘new normal’ has emerged with systems in place to mitigate against further banking crises. This updated new edition analyzes this post-crisis international and national regulatory framework and asks whether the current paradigm is fit for... Read more

Introduction

1. Crises and Paradigm Shift

2. The creation of the G20 leaders’ forum

3. The 2009 G20 summits: the apogee of reformist zeal

4. The emergence of dissension within the G20

5. America First and the global architecture

6. The Financial Stability Board: its creation, structure and processes

7. Making the paradigm real: the FSB’s key policy outcomes

8. Identifying emerging systemic risks in a complex system

9. Leadership, absence of leadership, and still signs of future leaps

Biography

Stuart P. M. Mackintosh is Executive Director of the Group of Thirty, an international financial think tank. He is past President of the National Association of Business Economics, the largest and most influential organisation of professional economists in the USA. Dr Mackintosh speaks widely before diverse audiences, from central banks, to investor events, to general audiences. He continues to write widely, with recent work appearing in Reuters, EuropeNow magazine, the Journal of Business Economics, the Journal of World Economics and Financial World magazine.

Praise for the first edition:

'A remarkable book, helping to put all the "Sturm und Drang" surrounding the financial crisis in perspective.’Paul A. Volcker, Former Chairman of the U.S. Federal Reserve System