Transformation of Global Financial Governance
In view of the the 2030 Agenda the project analyses institutions and instruments to achieve stable financial globalisation. The main topics are the prevention and resolution of debt crises, global financial safety nets and multilateral development banks.
Project Lead:
Kathrin Berensmann
Project Team:
Ulrich Volz
Peter Wolff
Time frame:
2016 - 2018
/
completed
Project description
For implementing the Agenda 2030 a stable international financial system is crucial enabling sustainable economic growth. The most recent global financial crisis in 2008 has demonstrated that financial stability is a global public good for which industrial countries, emerging markets and developing countries need take responsibility. Against this background the project analyses how to prevent and resolve debt crises. Related to this analysis this project develops proposals to improve the global financial safety net. A further focus is laid on the architecture of the multilateral development banks.