The global financial crises and the international financial system

2016 ◽  
pp. 350-387
Keyword(s):  
Financial Crises ◽  
Financial System ◽  
International Financial System

Resolving International Debt Crises Fairly

2003 ◽  
Vol 17 (2) ◽  
pp. 2-9 ◽  
Author(s):  
Ann Pettifor
Keyword(s):  
Financial Crises ◽  
Financial System ◽  
Economic Justice ◽  
Debt Management ◽  
Negative Effects ◽  
Institutional Reforms ◽  
International Debt ◽  
Poor Countries ◽  
International Financial System ◽  
Debt Crises

If global economic justice is to be achieved, debt crises must be assessed within the broader context of the international financial system. This system, which has been largely imposed by a small group of powerful financial agents in the Organisation for Economic Co-operation and Development countries, has led to instability and recurrent financial crises that have severely harmed the interests of poor countries and their people. Responsibility for bearing the costs of debt crises and other negative effects of the prevailing international financial system should therefore be assumed by those who have contributed to bringing them about. At present, however, the burden of economic “adjustments” during debt crises has fallen disproportionately on poor debtor nations, and debates regarding debt management have been dominated by individual, corporate, and official creditors. This essay presents the case for institutional reforms that can better protect the human rights of citizens of sovereign debtor nations during debt crises.

scholarly journals Sustainable development as a chain reaction

2013 ◽  
Vol 4 (2) ◽  
pp. 122
Author(s):  
Rodrigo De Oliveira Lima
Keyword(s):  
Sustainable Development ◽  
Financial Crises ◽  
Financial System ◽  
Chain Reaction ◽  
International Financial System ◽  
A Chain ◽  
Taxation System

This article discusses sustainable development, especially in the international financial system, from the 2008 crisis, especially the principles that underlie financial crises and debt. It should be noted, the taxation system in the areas that regulate the emission of pollutants and their effects on financial ties.

Deepening Integration

2017 ◽  
Author(s):  
Yilmaz Akyüz
Keyword(s):  
Emerging Economies ◽  
Financial Integration ◽  
Foreign Currency ◽  
Financial System ◽  
The United States ◽  
Bank Loans ◽  
Capital Inflows ◽  
Resident Participation ◽  
International Financial System ◽  
Private And Public

After recurrent crises with severe consequences in the 1990s and early 2000s EDEs have become even more closely integrated into what is now widely recognized as an inherently unstable international financial system. This chapter discusses the factors accelerating global financial integration of EDEs, including monetary policies in major advanced economies, notably the United States. It examines capital inflows and outflows, external balance sheets, the size and composition of gross external assets and liabilities, distinguishing between equity and debt, private and public sectors, local currency and foreign currency debt, bond issues and bank loans, and cross-border and local lending by international banks. It provides data and information on the currency composition of external debt, and non-resident participation in domestic financial markets of emerging economies. These are used to identify the changes in the depth and pattern of integration of emerging economies into the international financial system since the early 1990s.

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