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2023 | OriginalPaper | Buchkapitel

5. Financial Regulation and G20

verfasst von : Saon Ray, Samridhi Jain, Vasundhara Thakur, Smita Miglani

Erschienen in: Global Cooperation and G20

Verlag: Springer Nature Singapore

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Abstract

The London summit of 2009 was the first major attempt by the global community to tackle the global economic downturn, and $1.1 trillion was injected into the global economy for low- and middle-income countries. The framework for “strong sustainable and balanced growth” was launched, and the medium-term policy frameworks were set out at the Pittsburgh summit in 2009. The major purpose of the Toronto summit in 2010 was to act as a transitional summit to check on the progress of the upcoming agendas in the Seoul summit and to diversify the G20 agendas from being financial decision driven to accommodating development. The Antalya summit in 2015 focused on three is: “inclusiveness, implementation, and investment for growth.” The Chinese presidency in 2016 focused on the four major agendas of sustainable growth: strengthening the G20 growth for catalysing new drivers of growth; by coordinated fiscal, monetary policies; an open world economy by rejecting protectionism; and inclusive growth.  This chapter discusses the evolution of the agenda on financial regulation in the G20. The common threads between the G20 emerging economies’ presidencies in terms of the Finance Track themes that leaders considered have been those of global imbalances and/or rebalancing; financial inclusion; exchange rates; infrastructure and/or infrastructure investment; and structural reforms, besides the four core themes of financial sector regulation and reform; reform of international financial institutions; global growth and monetary and fiscal policies; and international taxation.

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Fußnoten
1
See also Fig. 6.​1 and the discussion on commitments on IFIs in Chap. 6
 
2
FSB member jurisdictions are Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Switzerland, Turkey, The UK, United States of America, and the European Union (FSB, n.d.).
 
Literatur
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Zurück zum Zitat Gray, R. (2013). Financial regulation: Strengthening the coordination role of the G20. G20 Monitor: Financial Regulation and the G20, No. 4, pp. 21–26. Gray, R. (2013). Financial regulation: Strengthening the coordination role of the G20. G20 Monitor: Financial Regulation and the G20, No. 4, pp. 21–26.
Zurück zum Zitat IMF. (2010a). Republic of Korea: Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Korea, IMF Country Report No. 10/270. September. IMF. (2010a). Republic of Korea: Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Korea, IMF Country Report No. 10/270. September.
Zurück zum Zitat Knight, M. D. (2018). The G20’s reform of bank regulation and the changing structure of the global financial system. Global Policy, 9, 21–33.CrossRef Knight, M. D. (2018). The G20’s reform of bank regulation and the changing structure of the global financial system. Global Policy, 9, 21–33.CrossRef
Metadaten
Titel
Financial Regulation and G20
verfasst von
Saon Ray
Samridhi Jain
Vasundhara Thakur
Smita Miglani
Copyright-Jahr
2023
Verlag
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-19-7134-1_5