Fixing the Financial Crisis - Part 3

Thursday, November 13, 2008

International Financial System

The NBR series Fixing the Financial Crisis looks at three areas of finance that will be transformed as a result of mistakes made -- Wall Street, U.S. regulatory agencies, and the global financial system. In this report, NBR correspondent Suzanne Pratt focuses on solutions to problems facing global finance.

Table: 2009 World Output

2009 World Output
U.S.	-0.3%
Euro area	-0.7%
Japan	-0.2%
United Kingdom	-1.3%
Source: IMF

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External Links/Articles*

• Council on Foreign Relations (CFR)
  The CFR is a nonpartisan resource for information and analysis. Suzanne Pratt interviews Roger Kubarych, a CFR senior fellow, in her report. This links to a September 2008 Op-Ed Kubarych authored titled, "Financial meltdown: What economic effects will it have?"
• Group of Thirty (PDF Document)
  The Group of Thirty is "a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia." The group recently released a new report titled, "The Structure of Financial Supervision: Approaches and Challengs in a Global Marketplace." This links to an Ovtober 6, 2008 press release that offers a summary of the report.
• International Monetary Fund (IMF)
  The International Monetary Fund (IMF) is an international organization that promotes monetary cooperation, exchange stability, and orderly exchange arrangements; fosters economic growth; and provides temporary financial assistance to countries to help ease balance of payments adjustment. This links to a November 6, 2008 article published in IMF Survey Magazine. The article is titled, "IMF Urges Stimulus as Global Growth Market Down Sharply."
• White House
  This links to a transcript of the October 22, 2008 White House press conference that first announced the G-20 economic summit that will take place November 15th in Washington, D.C.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.