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Governance, Transparency, and Accountability in Financial Institutions and Regulatory Bodies, New York 2009

April 27, 2009

Columbia University   New York City, New York, United States

Agenda  43kb pdf
Meeting Report  119kb pdf

Issues of Transparency, Accountability and Governance have long been studied and the importance of their roles and optimum levels much-debated with regards to Central Banks as well as International Financial Institutions and other regulatory bodies.

In light of the current global financial crisis and the resulting opportunity for policymaking and institutional reform, examining these themes in connection to these institutions has never been so relevant and in fact urgent.

Partners

The Initiative for Policy Dialogue in collaboration with Friedrich Ebert Stiftung hosted our first meeting on Governance, Transparency and Accountability in National and International Financial Institutions, on April 27 and 28 at Columbia University in New York City.

On the first day we addressed national institutions, focusing on principles of transparency and policy insights in literature on central banks, and address how problems of transparency, accountability and governance led to inadequacy of efforts to prevent the crisis, and how deficiencies in these qualities manifested themselves in responses to the crisis. We will discuss ideas for institutional reform, and close with a special session on Governance, Transparency and Accountability in developing country central banks.

On the second day we reviewed the same themes with regards to IFI's, Basel Committee, and other regulatory bodies(such as the Financial stability Forum) as well as the 'G's', or groups of countries.

  • Amar Bhattacharya
    Task Force Member
    Director
    G24 Secretariat
  • Sara Burke
    Task Force Member
    Senior Policy Analyst
    Friedrich-Ebert-Stiftung New York
  • Aldo Caliari
    Task Force Member
    Director, Rethinking Bretton Woods Project
    Center of Concern
  • Roy Culpeper
    Task Force Member
    President
    The North-South Institute
  • Chad Dobson
    Task Force Member
    Executive Director
    Bank Information Center
  • Gerald Epstein
    Task Force Member
    Professor of Economics
    University of Massachusetts, Amherst
  • Jon Faust
    Task Force Member
    Louis J. Maccini Professor of Economics
    Johns Hopkins University
  • Roman Frydman
    Task Force Member
    Professor of Economics
    New York University
  • Petra Geraats
    Task Force Member
    University Lecturer, Economics
    University of Cambridge
  • Jo Marie Griesgraber
    Task Force Member
    Executive Director
    New Rules for Global Finance Coalition
  • Stephany Griffith-Jones
    Task Force Member
    Financial Markets Program Director
    Initiative for Policy Dialogue (IPD)
  • Eric Helleiner
    Task Force Member
    CIGI Chair
    International Political Economy
    University of Waterloo
  • Joana Henseler
    Task Force Member
    Economic Development and Employment Project Manager
    GTZ
  • Didier Jacobs
    Task Force Member
    Special Advisor to the President
    Oxfam America
  • Bruce Jenkins
    Task Force Member
    Policy Director
    Bank Information Center
  • Willene Johnson
    Task Force Member
    President
    Komaza, Inc.
  • Leonardo Martinez-Diaz
    Task Force Member
    United States Agency for International Development (USAID)
  • Juan Antonio Morales
    Task Force Member
    Visiting Professor
    Columbia University
  • José Antonio Ocampo
    Task Force Member
    Professor of Professional Practice at Columbia University and former Minister of Finance of Colombia
    Columbia University
  • Stefano Pagliari
    Task Force Member
    PhD Candidate
    University of Waterloo
  • Thomas Palley
    Task Force Member
    Economist and Founder
    Economics for Democratic & Open Societies Project
  • Pablo Pereira
    Task Force Member
    Director, Argentina
    International Monetary Fund
  • Werner Puschra
    Task Force Member
    Executive Director
    Friedrich Ebert Stiftung New York
  • Indira Rajaraman
    Task Force Member
    Professor of Economics and Senior Fellow
    National Institute of Public Finance and Policy, India
  • Christopher Rude
    Task Force Member
    Instructor
    Graduate Program in International Affairs
    New School
  • Damon A. Silvers
    Task Force Member
    Associate General Counsel
    American Federation of Labor and Congress of Industrial Organizations (AFL-CIO)
  • Joseph Stiglitz
    Task Force Member
    President
    Initiative for Policy Dialogue (IPD)
  • Edwin M. Truman
    Task Force Member
    Senior Research Fellow
    Peterson Institute for International Economics
  • Carin van der Cruijsen
    Task Force Member
    Economics and Research Division
    De Nederlandsche Bank
  • Leonardo Villar
    Task Force Member
    Chief economist
    Corporación Andina de Fomento (CAF)
  • James Raymond Vreeland
    Task Force Member
    Associate Professor, School of Foreign Service and Government Department
    Georgetown Univeristy
  • Kevin Young
    Task Force Member
    Fellow in Government & Global Politics
    London School of Economics
All Files (40) zip
A Financial Pre-Cautionary Principle: New Rules for Financial Product Safety

216kb pdf
Gerald Epstein,
James Crotty

Governance, Transparency, and Accountability in the “Gs”

58kb pdf
Roy Culpeper

Central Bank Transparency: Causes, Consequences, and Updates

384kb pdf
Barry Eichengreen,
Nergiz Dincer

Central Bank Accountability for Financial Stability and Economic Reconstruction

331kb pdf
Gerald Epstein

Presentation: Central Bank Accountability for Financial Stability and Economic Reconstruction

216kb pdf
Gerald Epstein

Is Inflation Targeting Best-Practice Monetary Policy?

364kb pdf
Jon Faust,
Dale W. Henderson

Presentation: Operational Guidance from Transparency Literature

69kb pdf
Jon Faust

Excess-Countering versus Countercyclical Policies

82kb pdf
Roman Frydman

Financial Markets and the State: Price Swings, Risk, and the Scope of Regulation

146kb pdf
Roman Frydman,
Michael D. Goldberg

Macroeconomic Theory for a World of Imperfect Knowledge

516kb pdf
Roman Frydman,
Michael D. Goldberg

Trends in Monetary Policy Transparency

275kb pdf
Petra Geraats

Presentation: Monetary Policy Transparency: Trends and Insights

56kb pdf
Petra Geraats

Institutional Incentives and Geopolitical Representation in Global Financial Governance: Explaining the Puzzle of Regulatory Forbearance before the Crisis

607kb pdf
Stephany Griffith-Jones,
Kevin Young

How Can Transnational Networks of Financial Regulators Be Made More Accountable?

88kb pdf
Eric Helleiner,
Tony Porter

Government of India Planning Commission: A Hundred Small Steps: Report of the Committee on Financial Sector Reforms

2.50mb pdf

Brief Comments on World Bank “Approach Paper”

148kb pdf
Bruce Jenkins

What Went Right?

87kb pdf
Willene Johnson

Executive Boards in International Organizations: Lessons for Strengthening IMF Governance

170kb pdf
Leonardo Martinez-Diaz

Governance, Transparency, and Accountability in Latin America

19kb pdf
Juan Antonio Morales

High-Level Panel on IMF Board Accountability: Key Findings & Recommendations

79kb pdf

Asset Price Bubbles and the Case for Asset-Based Reserve Requirements

213kb pdf
Thomas Palley

Presentation: Monetary Policy and the Great Recession: What Went Wrong & What Should Be Done?

48kb pdf
Thomas Palley

The Questionable Legacy of Alan Greenspan

95kb pdf
Thomas Palley

Presentation: Transparency and Accountability: Were the Prescriptive Standards for Developing Countries Correctly Set?

253kb pdf
Indira Rajaraman

India’s Financial Sector: An Assessment, Volume I

382kb pdf

Volume I: Executive Summary

India’s Financial Sector: An Assessment, Volume II

2.96mb pdf

Volume II: Overview Report

India’s Financial Sector: An Assessment, Volume III

2.83mb pdf

Volume III: Advisory Panel on Financial Stability Assessment and Stress Testing

India’s Financial Sector: An Assessment, Volume IV

2.56mb pdf

Volume IV: eAdvisory Panel on Financial Regulation and Supervision

India’s Financial Sector: An Assessment, Volume V

2.32mb pdf

Volume V: Advisory Panel on Institutions and Market Structure

India’s Financial Sector: An Assessment, Volume VI

1.43mb pdf

Volume VI: Advisory Panel on Transparency Standards

Governance of the Bretton Woods Sisters: Making Progress on the Agenda

163kb pdf
Edwin M. Truman

IMF Reform: An Unfinished Agenda

85kb pdf
Edwin M. Truman

On What Terms Is the IMF Worth Funding?

172kb pdf
Edwin M. Truman

Message for the G-20: SDR Are Your Best Answer

16kb pdf
Edwin M. Truman

Presentation: Central Bank Transparency: Three Lessons to Bear in Mind

107kb pdf
Carin van der Cruijsen

Actual versus Perceived Transparency: The Case of the European Central Bank

260kb pdf
Carin van der Cruijsen

Optimal Central Bank Transparency

262kb pdf
Carin van der Cruijsen,
Lex Hoogduin

Governance, Transparency, and Accountability in Colombian Central Bank and Financial Regulation

143kb pdf

Presentation: Governance at the International Monetary Fund

103kb pdf
James Raymond Vreeland

Governance at the International Monetary Fund

57kb pdf
James Raymond Vreeland