International Financial Reform: Can We Avert the Next Bust?
José Antonio Ocampo discusses possible ways the international community can avoid the next financial crisis.
Nov 03, 2009 06:00 PM
Nov 03, 2009 07:30 PM
Nov 03, 2009
from 06:00 pm to 07:30 pm
|Where||Rice University's Baker Institute|
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|Capacity Status||Space Available|
- Event Description
The recent global financial crisis generated a large number of economic reforms worldwide, intended to manage the effects of the crisis and to prevent similar events in the future.
José Antonio Ocampo, Will Clayton Fellow in International Economics at the Baker Institute, will examine the initiatives in five major areas: (1) macroeconomic policy coordination, including support to developing countries during crises; (2) better regulation and supervision of financial systems; (3) sovereign debt restrictions; (4) reform of the dollar-based global monetary system; and (5) institutional reforms, including the new role assumed by the Group of 20.
Ocampo will discuss whether these initiatives are enough to manage the current crisis and the deficits in global governance. He will also summarize some of the major recommendations of the Commission of Experts on Reforms of the International Monetary and Financial System, convened by the president of the United Nations General Assembly, of which he was a member.