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Part III Developments at the International Level, 14 International Financial Architecture

Rosa María Lastra

From: International Financial and Monetary Law (2nd Edition)

Rosa Lastra

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 31 January 2023

Basel committee on Banking Supervision — Financial Stability Board (FSB) — International Monetary Fund (IMF)
A clear lesson of history is that a ‘sine qua non’ for sustained economic recovery following a financial crisis is a thoroughgoing repair of the financial system. Janet L Yellen, Presentation to the Annual AEA/ASSA Conference, San Francisco, 4 January 2009 14.01 This chapter examines the international financial architecture and considers the need to strengthen it in response to the global financial crisis and the limitations of the current system. 14.02 National financial systems have at their disposal a set of institutional and legal arrangements—a national...
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