Publication Inclusive Economy De-risking the Global Financial System De-risking the global financial system Subacchi, Paola This new report by economist Paola Subacchi explores the risks of fragmentation in the international financial and monetary systems. Author: Paola Subacchi, Professor of International Economics and Chair of the Advisory Board, Global Policy Institute, Queen Mary University of London 75 years of globalization have produced a highly integrated global economy, but now globalization is reversing due to geopolitical divisions and their impact on international policy cooperation. This report by economist Paola Subacchi explores the risks of fragmentation – where debt restructuring and payments systems lack cohesion, and where other rules and standards diverge – in the international financial and monetary systems. Rules and institutional governance need to be adjusted, the author argues, to reflect the present dynamics of the world economy so that policy cooperation can underpin “strong, balanced, sustainable and inclusive growth”. Executive Summary: De-risking the global financial system - forging a 'new consensus' 374 KB Friday, 26.05.2023 Event Inclusive Economy Rethinking Multilateralism Geoeconomic fragmentation: what risks for the financial and monetary system? Will "geoeconomic fragmentation" lead to a global economy of conflicting blocs, each with its own rules, regulations & standards?
