Joachim Betz

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  • Emerging Powers and Global Financial Governance

    The traditional mode of governance of national and global monetary and financial markets was obviously too weak and piecemeal to hinder the recurrent outbreak of regional and worldwide crises. The latest and gravest in this series triggered a massive institutional and operational overhaul, achieved both by the creation of new institutions and also by old and new ones being made stronger and more inclusive, foremost by introducing major emerging countries into their steering and oversight bodies.

    May 2014