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1 edition of Reform of the international financial architecture and the policy implications for Africa found in the catalog.

Reform of the international financial architecture and the policy implications for Africa

United Nations. Economic Commission for Africa

Reform of the international financial architecture and the policy implications for Africa

by United Nations. Economic Commission for Africa

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Published by Economic Commission for Africa in Addis Ababa, Ethiopia .
Written in


Edition Notes

SeriesECA policy research report -- [v. 1], no. 1
The Physical Object
Paginationxiii, 61 p. ;
Number of Pages61
ID Numbers
Open LibraryOL25232010M
LC Control Number2011349718

attempt to make a link between tax evasion and capital flight by exploring whether particular features of the tax structures (including tax exoneration) facilitate capital flight. We draw implications for policy and research and identify issues that need to be explored in country case File Size: KB. money laundering, and the regulation of non-traditional financial services. 2. How the International Financial Architecture is Out of Step. We live in a world of globalized finance. Financial globalization has proceeded apace since the s, with cross-border capital flows rising from US$ trillion in to a peak of US$ trillion in

IFAC () Financial reporting by National Governments. The International Federation of Accountants, Study 1, New York IFAC () Government financial reporting: accounting issues and practices. phrase “international financial architecture” in a speech at the Brookings Institution in , I deserve some of the blame for popularizing it.2 I used it in the title of my book, Toward a New International Financial Architecture, published by the Peterson Institute.3 I say blame.

international financial institutions (IFIs) of that era was to create a more open and global economy. Now that a high degree of economic globalization has been achieved, a new “international financial architecture” is needed. The Asian Financial crisis of ­ was in many ways a turning ­point. This chapter analyzes whether the international tax reform measures instituted under the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) Project are effective in ensuring African countries get a fair share of taxes from multinational enterprises (MNEs) transacting within their borders, so that they can finance their development goals Author: Annet Wanyana Oguttu.


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Reform of the international financial architecture and the policy implications for Africa by United Nations. Economic Commission for Africa Download PDF EPUB FB2

REFORM OF THE GLOBAL FINANCIAL ARCHITECTURE GARRY J. SCHINASI AND EDWIN M. TRUMAN Highlights • This paper examines the implications of the global financial crisis of for reform of the global financial architecture, in particular the International Monetary Fund and the Financial Stability Board and their interaction.

These. The International Monetary Fund (the IMF or the Fund) was created at the end of World War II to administer a system of fixed exchange rates, to oversee the international financial system, to provide short-term balance of payments assistance, and to prevent a recurrence of the autarkic policies of the s and s.

When the fixed-rate system. Reform of the International Financial Architecture: A Work in Progress, Remarks by Horst Köhler, Managing Director, IMF.

July 5, Remarks by Horst Köhler Managing Director International Monetary Fund Given at the Central Bank Governors' Symposium Bank of. Reform of the international financial architecture and the policy implications for Africa by United Nations.

Economic Commission for Africa 1 edition - first published in practitioners, policy-makers and scholars working on the reform of international financial architecture. The ICMB is non-partisan and does not take any view on policy. Its publications, including the present report, reflect the opinions of the authors, not of ICMB or of any of its spon-soring institutions.

Reform of the international financial architecture is being undertaken on several fronts. The main elements are promotion of transparency, accountability, and good governance, which, by fostering broad discussion of economic policies and improving the provision of information to markets, can help countries bolster their economic performance.

REFORM OF THE INTERNATIONAL FINANCIAL ARCHITECTURE As explained in Chapter 1, the international community, under U.S.

leadership, has proposed a set of reforms to strengthen the inter-national financial system. These reforms, designed to reduce the incidence of future crises, are referred to collectively as the "new inter.

This collection gathers experts from Africa, North America, Asia and Europe to examine international policy responses to the global financial crisis.

In doing so they reveal the implications for international cooperation, coordination and institutional change in global economic governance, and identify ways to reform and even replace the architecture created in the mid 20th century in Reviews: 2.

Second, at the international level, further reform of the global financial architecture is needed, including the role of the IMF and the framework of global financial regulation and : Masahiro Kawai.

Democratic Reform in Africa highlights the issues that cut across both the political and the economic reform spectra and identifies obstacles to democratic reform.

The book examines various institutions and their role in governance and poverty alleviation, and recognizes those who are involved in the process of both democratic reform and.

Financial integration in Africa: implications for monetary policy and financial stability Benedicte Vibe Christensen1 1. Introduction Most African countries were not directly affected by the global financial crisis because their financial integration with global markets was limited.

With the benefitCited by: 5. The Asian financial crisis heightened calls for the reform of the international financial architecture. The international community and international organizations—such as the IMF, the World Bank, the Organisation for Economic Co-operation and Development (OECD), and the Bank for International Settlements (BIS)—undertook efforts to reform.

This report reviews recent trends in the global economy and focuses on ways to reform the international financial architecture. It warns that with a tepid recovery in developed countries and headwinds in many developing and transition economies, the global crisis is not over, and the risk of.

Introduction. As originally envisaged, the International Monetary Fund (IMF) had three functions. It was an adjustment agency providing advice on balance of payments policy, a financing agency providing short-term liquidity to countries encountering balance of payments problems and finally an agent for managing the Bretton Woods international monetary system, which was based on an adjustable Cited by: 2.

Management of Capital Flows: Comparative experiences and implications for Africa UNITED NATIONS New York and Geneva, April UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT. INTERNATIONAL FINANCIAL ARCHITECTURE AND LARGE CORPORATIONS IN EMERGING MARKETS Ajit Singh, Alaka Singh and Bruce Weisse.

International Financial Institutions and Economic Policy Reform in Sub-Saharan Africa by JAMES D. FEARON* SINCE the I oil shock and in the course of the subsequent world recession, many African governments have dramatically altered the orientation of their.

Implications of Financial Regulatory Reform for African Countries. Pietro Calice* * Pietro Calice is a Senior Investment Officer at the African Development Bank. This Policy Brief was produced with inputs from the Development Research Department, the World Bank, the Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ), the.

and must also force policy decisions having financial implications to be made against the background of a hard budget constraint and in competition with other demands.

Effective restraint requires comprehensive coverage, and choosing the most appropriate policy instrument to achieve a particular policy objective means that, for sound PEM File Size: KB.

Central Banks established at the Tunis Meeting to articulate Africa’s positions on the reform of the international financial architecture. Since the onset of the crisis Member States have increased their demand for technical assistance and support to enable them cope with the potential effects of the crisis.

Members of the Organizing Committee: Maha Ben Gadha - Economic Program Manager,Rosa Luxemburg Stiftung North Africa Office; Ines Mahmoud - Program Manager, Rosa Luxemburg North Africa Office; Dr Ndongo Samba Sylla - Program Manager, Rosa Luxemburg Stiftung Dakar Office; Dr Kai Koddenbrock - Acting Professor of International Political Studies Faculty of Economics, University.

The rich industrial countries, led by the United States, have had to respond. This book examines the G7‘s attempts over the past decade to re-establish rules and a degree of order in the world financial system through the creation of the Financial Stability Forum and the G20, which they are calling the New International Financial by: Issue no.

4, February Systemic, Governance, and Regional Issues in the Reform of the International Financial Architecture The three papers in this issue originally prepared for the Tokyo Club Foundation’s November conference on.Ghana has a reputation as a trailblazer in sub-Saharan Africa in many areas including monetary policy and financial sector reform.

This book provides a detailed and chronological account of monetary policy and financial sector reform in Ghana since independence in in the context of developments in the international monetary system through the Great Depression, the Bretton Woods System Cited by: