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Srl | Item |
1 |
ID:
140417
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Summary/Abstract |
Three decades of financial crises culminating in the global financial crisis have prompted the development of multilayered global financial governance. This article examines the relationship between the global and regional layers by analyzing the case of the global and ASEAN+3 financial safety nets. Making use of regime theory, we examine the evolution of the characteristics, main institutions, goals, and behavioral expectations of these two nets. The article argues that the ASEAN+3 regional financial safety net, which was mostly developed following the East Asian financial crisis of 1997, complements rather than undermines the global financial safety net. Similar characteristics, goals, and behavioral expectations underpin this complementarity.
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2 |
ID:
145424
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Summary/Abstract |
China’s rise is increasingly impacting on the global financial and monetary order. To manage its growing centrality in global financial flows and its new relevance for patterns of currency usage, Beijing has been creating a set of new institutional arrangements in three crucial fields: the provision of crisis liquidity, development financing, and a global infrastructure to internationalize its currency. In contrast to the dominant power political interpretation of such developments, this article highlights the strong linkages of Beijing’s new initiatives with the changes in China’s capitalist development path and stresses their experimental character that serves to manage the economic and political risks of China’s accelerating financial internationalization.
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3 |
ID:
088140
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Publication |
2009.
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Summary/Abstract |
THE GLOBAL FINANCIAL AND ECONOMIC CRISIS put a noticeable imprint on the preparations for the International Conference on Financing for Development, held at Doha, Qatar, from November 29 to December 2, 2008, and even made certain countries doubt the timeliness and expediency of that undertaking. But eventually a responsible approach prevailed, which made it possible to inscribe that high-level conference within the planned timeframe, with delegations from 169 UN and EC member-states (40 of them led by the heads of state and government) attending.
Thus, despite the intensification of the financial and economic crisis, the world community confirmed its resolve to work for the attainment of the Millennium Development Goals (MDG) set by the UN 2000 Summit. Yet another important step forward was made that secured the consistency of the course launched during the high-level events on assistance to Africa and on the MDG progress, which were held within the framework of the 63rd Session of the UN GA in New York on September 22 and 25, 2008.
The Doha Conference held a special place among those events. There is a growing awareness in the world that an effective solution to the development funding problems is crucial to success in all other vectors, be it the halving by 2015 of the numbers of people living in extreme poverty, reduction of child and maternal mortality levels, the fight against dangerous infectious diseases, including HIV/AIDS, malaria, and TB, or universal elementary education, access to drinking water, gender equality and sustainable ecological development parameters.
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