Book Review: Sebastian Edwards and Moisés Naím (eds.), Mexico 1994: Anatomy of an Emerging Market Crash (Washington, DC: Carnegie Endowment for International Peace, 1997, 326 pp., $22.95 pbk.). Morris Goldstein (ed.), Safeguarding Prosperity in a Global Financial System: The Future International Financial Architecture (New York: Council on Foreign Relations, 1999, 148 pp., $7.00 pbk.). Stephany Griffith-Jones, Global Capital Flows: Should They Be Regulated? (Basingstoke: Macmillan, 1998, 206 pp., $65.00 hbk.). Carol Wise (ed.), The Post-NAFTA Political Economy: Mexico and the Western Hemisphere (University Park, PA: The Pennsylvania University Press, 1998, 382 pp., $65.00 hbk., $18.95 pbk.)

2000 ◽  
Vol 29 (1) ◽  
pp. 204-209
Author(s):  
Chuck Parker
Keyword(s):  
New York ◽  
Foreign Relations ◽  
Emerging Market ◽  
Western Hemisphere ◽  
Washington Dc ◽  
Financial Architecture ◽  
Global Capital ◽  
International Financial Architecture ◽  
Global Financial System

The 2017 Joint Review of the Standards and Codes Initiative

Policy Papers ◽  
2017 ◽  
Vol 17 (009) ◽  
Author(s):  
Keyword(s):  
Emerging Markets ◽  
World Bank ◽  
Emerging Market ◽  
Capacity Development ◽  
International Standards ◽  
Economic Institutions ◽  
Policy Makers ◽  
Financial Architecture ◽  
Market Participants ◽  
International Financial Architecture

The standards and codes (S&C) initiative was launched in the aftermath of the emerging market crises of the 1990s as part of efforts to strengthen the international financial architecture, with a focus on emerging markets. The initiative has aimed at promoting international standards and codes to improve economic and financial resilience by assisting countries in strengthening their economic institutions and informing World Bank and IMF work. The four previous reviews confirmed a fairly high appreciation of the overall initiative, while also raising questions about the initiative’s link to surveillance and capacity development efforts, weak uptake by market participants, as well as a need to improve traction with policy makers. This review reaffirms the country authorities’ appreciation for S&C work, and its focus and scope are guided by the February 2017 paper.

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