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Financial Markets Reform Task Force Meeting, Manchester 2008

July 1, 2008

University of Manchester   Manchester, United Kingdom

Ten years ago, there was a global financial crisis, and promises of reform in the global financial architecture. Little of substance was done, and the world now once again faces global financial turbulence. This time, however, the problems are at the center, not the periphery. The widespread turbulence of developed country financial markets provides the impetus for this summer's Financial Markets Task Force Meeting held at the University of Manchester's Brooks World Poverty Institute.
 

The IPD Financial Markets Task Force meeting will analyze a) the transparency and regulatory challenges and discussions emerging from the current crisis; b) the implications of both the crisis and regulatory discussions for developing and developed economies; and c) reforms in the global financial architecture that might make the global financial system more stable and more equitable.

Task Force Meeting presentations will provide a comprehensive understanding of the current crisis, examined within contemporary, historical and theoretical contexts. Most importantly, attendees can anticipate rich discussion on policy implications and future of regulatory reforms inspired by the crisis on the part of experts hailing from both developed and developing countries.

  • Yilmaz Akyüz
    Task Force Member
    Former Director, Globalization and Development Strategies (retired)
    United Nations Conference on Trade and Development
  • Amar Bhattacharya
    Task Force Member
    Director
    G24 Secretariat
  • Aldo Caliari
    Task Force Member
    Director, Rethinking Bretton Woods Project
    Center of Concern
  • Pietro Calice
    Task Force Member
    Senior Policy Advisor
    Christian Aid
  • Gerard Caprio
    Task Force Member
    Professor of Economics and Chair of the Center for Development Economics
    Williams College
  • Fernando Cardim de Carvalho
    Task Force Member
    Professor
    Federal University of Rio de Janeiro
  • Jane Cunliffe
    Task Force Member
    Director, International Affairs and Chairman's Office
    The International Organization of Securities Commissions
  • Jane D'Arista
    Task Force Member
    Research Associate
    Political Economy Research Institute
  • Jane Diplock
    Task Force Member
    Chairwoman
    New Zealand Securities Commission
  • Roberto Frenkel
    Task Force Member
    Principal Research Associate
    CEDES
  • Charles Goodhart
    Task Force Member
    Program Director, Regulation and Financial Stability, Financial Markets Group Research Center
    London School of Economics
  • Ricardo Gottschalk
    Task Force Member
    Fellow, Institute for Development Studies
    University of Sussex
  • David Green
    Task Force Member
    Advisor on International Affairs
    Financial Reporting Council
  • Stephany Griffith-Jones
    Task Force Chair
    Financial Markets Program Director
    Initiative for Policy Dialogue (IPD)
  • Robert Johnson
    Task Force Member
    Junior Fellow
    Carnegie Endowment for International Peace
  • Abdul Kamara
    Task Force Member
    Division Manager
    Research Division
    African Development Bank
  • Martin Khor
    Task Force Member
    Executive Director
    South Centre
  • Jan Allen Kregel
    Task Force Member
    Professor, Levy Economics Institute
    Bard College
  • John Lipsky
    Task Force Member
    First Deputy Managing Director
    International Monetary Fund
  • Manuel Marfan Lewis
    Task Force Member
    Board Member
    Central Bank of Chile
  • Perry G. Mehrling
    Task Force Member
    Professor of Economics
    Barnard College
  • Akbar Noman
    Task Force Member
    Senior Policy Fellow
    Initiative for Policy Dialogue (IPD)
  • José Antonio Ocampo
    Task Force Chair
    Co-President
    Initiative for Policy Dialogue (IPD)
  • Avinash Persaud
    Task Force Member
    Founder and Chairman
    Intelligence Capital Limited, Warwick Commission
  • Poul Nyrup Rasmussen
    Task Force Member
    President
    Party of European Socialists
  • YV Reddy
    Task Force Member
    Emeritus Professor of Economics
    University of Hyderabad
  • Carmen Seekatz
    Task Force Member
  • Stephen Spratt
    Task Force Member
    Researcher
    Globalization Team
    Institute of Development Studies
  • Joseph Stiglitz
    Task Force Chair
    Co-President
    Initiative for Policy Dialogue (IPD)
  • Philip Turner
    Task Force Member
    Deputy Head
    Monetary and Economic Department
    Bank of International Settlements
  • Geoffrey Underhill
    Task Force Member
    Professor of International Governance
    Universiteit Van Amsterdam
  • Arnoud Vossen
    Task Force Member
    Secretary General
    Committee of European Banking Supervisors
  • Robert Wade
    Task Force Member
    Professor of Political Economy, Development Studies Institute
    London School of Economics
  • Marion Williams
    Task Force Member
    Governor
    Central Bank of Barbados
  • Paul Woolley
    Task Force Member
    Chairman of the Advisory Board and Senior Fellow, The Paul Woolley Centre for the Study of Capital Market Dysfunctionality
    London School of Economics
Policy Brief: Reforming governance of international financial regulation: have the G-20 done enough?

125kb pdf
Stephany Griffith-Jones,
Kevin Young

In the wake of the 2007-2008 financial crisis - the worst crisis in a generation - the effectiveness of international regulation has been called into question. Click above to read this policy brief, created with support from the Hewlett Foundation.

Agenda and Criteria for Financial Regulatory Reform

83kb pdf
Stephany Griffith-Jones,
Jane D'Arista

America's Financial Crisis: Lessons for Policy and Regulation

328kb pdf
Joseph Stiglitz

Developing Country Perspectives on the Recent Crisis

262kb pdf
Amar Bhattacharya

Diagnosis of Regulatory Failures; Criteria for Effective Regulation

1.32mb pdf
Stephany Griffith-Jones

Dysfunctionality of Capital Markets?

92kb pdf
Paul Woolley

Europe: A Social Market Economy Not a Market Society

216kb pdf
Poul Nyrup Rasmussen

Global Financial Turbulence and Financial Sector in India: A Practitioners Perspective

63kb pdf
YV Reddy

Instability and Reform of the International Reserves System

26kb pdf
Yilmaz Akyüz

International Financial Architecture: New Players, New Sources of Funds and the Need for Financial Regulation

23kb pdf
Fernando Cardim de Carvalho

Principles of Regulation

149kb pdf
Joseph Stiglitz

The Instability and Inequities of the Global Reserve System

35kb pdf
José Antonio Ocampo

The Political Economy of Basle II: Private Interest vs. Public Good?

268kb pdf
Geoffrey Underhill

Broken Systems: Agendas for Financial and Monetary Reforms

89kb pdf
Jane D'Arista

The Current Global Financial Turmoil and Asian Developing Countries

335kb pdf
Yilmaz Akyüz

The Regulatory Response to the Fiscal Crisis

77kb pdf
Charles Goodhart

A New Global Financial Architecture

69kb pdf
Robert Wade

CEBS report on banks' transparency on activities and products affected by the recent market turmoil

337kb pdf

Central Banks, Money Market Liquidity and International Banks Under Stress

9kb pdf
Philip Turner

Current Problems with the IMF and Challenges Ahead - A Latin American Perspective

866kb pdf
Roberto Frenkel

Governing the Global Financial System

11kb pdf
Marion Williams

New Investors in Developing Countries: Opportunities, Risks and Policy Responses, the Case of Hedge Funds

89kb pdf
Stephany Griffith-Jones,
Pietro Calice,
Anush Kapadia

Once again on the Question of IMFs Conditionalities

85kb pdf
Fernando Cardim de Carvalho

Recent changes in the global financial system vis-a-vis developing countries

31kb pdf
Roberto Frenkel

Securities Regulation and Financial Innovation

577kb pdf
Jane Diplock

The Financial Crisis of 2007/2008 and its Macro-economic Consequences

128kb pdf
Joseph Stiglitz

Financial Sector Dysfunctionality

41kb pdf
Paul Woolley

Criteria for Financial Regulation After the Current Crisis

27kb pdf
Stephany Griffith-Jones

Credit Default Swaps: The Key to Financial Reform

52kb pdf
Perry G. Mehrling

Global Financial Architecture, Legitimacy, and Representation: Voice for Emerging Markets

867kb pdf
Geoffrey Underhill

Governance of the International Financial System: Looking for Feasible Paths Towards Greater Developing Country Participation

151kb pdf
Aldo Caliari

Lessons from the Crisis for Financial Regulation: What we need and what we do not need

20kb pdf
Charles Goodhart

Regulation of Fedge Funds: Why is it a Social Security Issue?

139kb pdf
Aldo Caliari

Setting the Rules: Private Power, Political Underpinnings, and Legitimacy in Global Monetary and Financial Governance

536kb pdf
Geoffrey Underhill,
Xiaoke Zhang

The Political Economy of Basle II: The Costs for Poor Countries

746kb pdf
Stijn Claessens,
Geoffrey Underhill,
Xiaoke Zhang

Sovereign Wealth Funds: A Developing Country Perspective

220kb pdf
Stephany Griffith-Jones

Benefits of a Financial Transactions Tax (Working Paper)

25kb pdf
Dean Baker

Colombian newspaper El Pais interviews Jose Antonio Ocampo

82kb pdf

Professor Jose Antonio Ocampo gave several interviews in Spanish during his trip to Colombia about the current financial crisis, and this interview is deemed to be the best.

Event Information

Type Meeting
Program Financial Markets Reform