Global Cooperation Among G20 Countries [recurso electrónico] Responding to the Crisis and Restoring Growth

"At the outbreak of the global financial crisis, 2008, the G20 was widely acknowledged as helping prevent an even more serious decline in the global economy. It helped to calm the panic in financial markets and articulate a set of possible policy options to restore global stability and growth. However, as the dual-track recovery set in, policy options for advanced economies and EMEs diverged. Within this context, this book will explore the scope for cooperation amongst the G20 and the diverging challenges and the intricate interconnectedness of policy options between advanced economies and the EMEs within the G20"--provided by publisher Front Matter....Pages i-xiii Global Cooperation Among G20 Countries: Responding to the Crisis and Restoring Growth....Pages 1-21 The G20 Since 2008: Some Reflections on the Experience and the Road Ahead....Pages 23-31 Front Matter....Pages 33-33 Overcoming the Euro Area Crisis—Reforms and Results....Pages 35-57 Predicting the Euro: A Practitioner’s Perspective....Pages 59-65 Monetary Integration in Europe and the Drawbacks of Centralization....Pages 67-72 Reflections on the Euro Crisis....Pages 73-79 Front Matter....Pages 81-81 The G20, IMF and Global Imbalances: The Policymakers’ Perspective....Pages 83-94 Global Imbalances: Causes and Policies to Address Them....Pages 95-99 Exchange Rate Flexibility and Economic Rebalancing in China....Pages 101-108 Global Imbalances and Financial Fragility....Pages 109-117 Front Matter....Pages 119-119 Financial Regulatory Reforms: Not Far Enough, or Too Far?....Pages 121-133 Asian Perspectives for Financial Regulatory Reforms after the Asian Financial Crisis....Pages 135-141 The Challenge of Financial Stability and Regulation from a European Perspective....Pages 143-151 Financial Regulatory Reforms: Striking a Balance....Pages 153-158 Front Matter....Pages 159-159 Reforming the International Monetary System: an Institutional Perspective....Pages 161-177 Strengthening the International Monetary System....Pages 179-184 Systemic Sudden Stops, Credit Lines, and Funding Liquidity....Pages 185-198 Front Matter....Pages 199-199 Policy Trade-offs in an Open Economy and the Role of G20 in Global Macroeconomic Policy Coordination....Pages 201-220 Managing the Risks Associated with Volatile Capital Flows....Pages 221-229 On an Asian Monetary Union: What does the Evidence Tell us?....Pages 231-237 Front Matter....Pages 239-239 The Macroeconomic Policy Response to the International Financial and Economic Crisis and the G20....Pages 241-280 Austerity, Growth, and Public Policy....Pages 281-285 India and Fiscal Austerity....Pages 287-292 Erratum....Pages E1-E1 Back Matter....Pages 293-300