2005 | OriginalPaper | Buchkapitel
Risks of the International Financial System
Erschienen in: International Financial Architecture
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The world economy has multiple vulnerabilities that challenge the international financial system. These vulnerabilities are similar to those that stimulated the G-7 to strengthen architecture of the IFIs. The objective of this chapter is to provide a framework of information on these vulnerabilities to motivate discussion of strengthening the IFA in the following five chapters. After 10 years of efforts by the G-7 and IFIs, many of the vulnerabilities in the world economy persist in similar or new forms. Events since 2000 reveal such vulnerabilities.