Shaping a New International Financial System: Challenges of Governance in a Globalizing World (G8 and Global Governance)

An examination of the professional economic merits, practical feasibility, and underlying politics of the hotly contested competing initiatives for strengthening the international financial system. Challenging much of the conventional wisdom, it offers a comprehensive account of the traditional enduring financial issues facing the G7 and the fundamental architectural elements of the new systemic design. The text contains an array of contributions from experts from all G7 countries and from emerging markets outside.