G-7 Leaders Discuss Global Economy, Future of International Financial Institutions Halifax, Nova Scotia, July 15–17

1995 ◽  
Vol 6 (1) ◽  
pp. 55-66
Author(s):  
Serhii Voitko ◽  
◽  
Yuliia Borodinova ◽  

The article examines the interaction of the national economy of Ukraine with international credit and financial organizations, evaluates the positive and negative consequences and identifies possible areas for further cooperation. The role of international credit and financial organizations in the development of the global economy is analyzed. Today, international financial institutions have taken a leading place among institutions that provide financial support and contribute to the implementation of necessary reforms aimed at developing enterprises in various sectors of the economy and strengthening the country's financial sector as a whole. The importance of cooperation between Ukraine and international financial institutions for the development of the country's economy has been determined. The problems and directions of development of cooperation with leading credit and financial organizations in modern conditions are identified. Despite the presence of certain shortcomings, cooperation between Ukraine and international credit and financial organizations will continue in the future.


Author(s):  
Gundu D K ◽  
Suthakaran K.

The group of twenty (G20) cooperation between the twenty members is seen as significant and systemic. These twenty countries are participating in Australia in 2014 with non- members countries. Australian business and community leaders will have the possibility to contribute to G20 discussions. Central Bank Governors and Finance Ministers meet regularly to discuss ways to reform international financial institutions, improve financial regulation, strengthen the global economy hence these meetings is a year-long program. This study is then assesses the expansion of the G20’s scope to global development and context of the current global governance framework.


China Report ◽  
2017 ◽  
Vol 53 (3) ◽  
pp. 367-385 ◽  
Author(s):  
Nguyen Quang Thuan

After the eighteenth Congress of the Chinese Communist Party, China adjusted its diplomatic strategy and transformed its pattern of economic development. This has had and will continue to have both a positive and a negative impact on the international financial institutions and the regional and global economy. The ‘One Belt, One Road’ (OBOR) strategy, combined with the Asian Infrastructure Investment Bank (AIIB) and the internationalisation of the yuan, is the main focus, and exerts a strong impact on the existing international financial institutions as well as the economic relations between China and many other countries in the world. It has attracted many developed and developing countries to join the AIIB. It also has made many emerging economies become closely linked to China. Moreover, it contributes to the emergence of many ‘asymmetric’ pairs of economic relations between China and its neighbours. China is now connected with Europe through an overland route as well as through the boosting of economic, trade and investment ties between Asia and Europe. Furthermore, while Europe has been concerned about China’s unfair competition and the dependence on Chinese investment, ASEAN has increasingly deepened the mutual economic dependence between itself and Beijing. A negative outcome of this is the rising economic dependence on China of quite a few ASEAN member states, including Vietnam.


Author(s):  
Oliver P. Richmond

Abstract The theories and doctrines related to peacekeeping, mediation, peacebuilding, and statebuilding, as well as other tools used to end war and conflict, raise a range of long-standing questions about the evolution and integrity of what might be called an international peace architecture. A narrow version of this term has begun to appear in the context of peacebuilding through the United Nations, the African Union, the European Union, other regional actors, the international legal system, and the International Financial Institutions. This article proposes a much broader, historical version, with six main theoretical stages, which have, from a critical perspective, produced a substantial, though fragile, international architecture.


2020 ◽  
Vol 16 (02) ◽  
pp. 1-8
Author(s):  
Kamaldeep Kaur Sarna

COVID-19 is aptly stated as a Black Swan event that has stifled the global economy. As coronavirus wreaked havoc, Gross Domestic Product (GDP) contracted globally, unemployment rate soared high, and economic recovery still seems a far-fetched dream. Most importantly, the pandemic has set up turbulence in the global financial markets and resulted in heightened risk elements (market risk, credit risk, bank runs etc.) across the globe. Such uncertainty and volatility has not been witnessed since the Global Financial Crisis of 2008. The spread of COVID-19 has largely eroded investors’ confidence as the stock markets neared lifetimes lows, bad loans spiked and investment values degraded. Due to this, many turned their backs on the risk-reward trade off and carted their money towards traditionally safer investments like gold. While the banking sector remains particularly vulnerable, central banks have provided extensive loan moratoriums and interest waivers. Overall, COVID-19 resulted in a short term negative impact on the financial markets in India, though it is making a way towards V-shaped recovery. In this context, the present paper attempts to identify and evaluate the impact of the pandemic on the financial markets in India. Relying on rich literature and live illustrations, the influence of COVID-19 is studied on the stock markets, banking and financial institutions, private equities, and debt funds. The paper covers several recommendations so as to bring stability in the financial markets. The suggestions include, but are not limited to, methods to regularly monitor results, establishing a robust mechanism for risk management, strategies to reduce Non-Performing Assets, continuous assessment of stress and crisis readiness of the financial institutions etc. The paper also emphasizes on enhancing the role of technology (Artificial Intelligence and Virtual/Augmented Reality) in the financial services sector to optimize the outcomes and set the path towards recovery.


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