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Agenda / Press Release / Background Papers / Logistics / Process / Participant List / Photographs / Meeting Summary
Background Papers
FFD MULTI-STAKEHOLDER CONSULTATIONS ON SYSTEMIC ISSUES
November 16-17, 2004
Washington, DC
Co-sponsored by:
Foreign Ministry of Sweden, UN Financing for
Development Office, UN Foundation, New Rules for Global
Finance Coalition
General Background
Priority Reading
Capital Account Liberalization and Poverty. Alex Cobbam. January 2001 (25
pages)
Who
Needs Capital-Account Convertibility? Dani Rodrik.
February 1998 (16 pages)
Also Recommended
International financial system and development (A/59/218). Report of the
Secretary-General of the United Nations. August 2004. (18 pages)
Follow-up to and implementation of the outcome of the International Conference
on Financing for Development (A/59/270). Report of the Secretary-General of
the United Nations. August 2004. (25 pages) Read section VII on systemic issues,
pages 16-17.
Globalization,
Neoliberalism and Labour. Irfan ul Haque, July 2004. (22 pages)
Thematic Summary Report: Financial Liberalisation. C.P.
Chadrasekhar. (60 pages)
Effect of Financial Globalization on Developing Countries:
Some Empirical Evidence. Eswar Prasad, Kenneth Rogoff,
Shan-Jin Wei and M. Ayhan Kose. March 2003 (86 pages)
Private Debt Finance for Developing Countries. Development Finance 2004,
Chapter 2, pgs 37-75. (Submitted by WB) (75 pages)
Private Capital
Flows to Emerging Markets. Global Development Finance, chapter 2, pgs. 31 –
53 (submitted by WB) (23 pages)
Session 1: Introduction and Background
Priority Reading
New, Innovative Sources of Financing: No Substitute
for Aid, Investment, and Trade Speakers Say. Press Release from the United
Nations General Assembly. October 2004. (11 pages)
The Future
of Development Financing: Challenges, Scenarios and Strategic Choices.
Francisco Sagasti, Keith Bezanson and Fernando Prada. October 2004. (175 pages)
Also Recommended
Financial Sector
Assessment Program – Review, Lessons, and Issues Going Forward. Prepared by
the Staffs of the World Bank and International Monetary Fund. February 2003. (50
pages)
Session 2: Evaluating the Official Reform Agenda for the
International Financial Architecture
Priority Reading
Key
financial codes and standards: different views of their role in a new financial
architecture. Andrew Cornford.
February 2004. (14 pages)
Issues In
Implementing Standards and Codes. Benu Schneider. June 2002 (52 pages)
Also
Recommended
International Standards for Strengthening Financial Systems: Can Regional
Development Banks Address Developing Countries’ Concerns? Liliana
Rojas-Suarez. (42 pages)
Basel
II: The Revised Framework of June 2004. Andrew Cornford. November 2004.
(34 pages)
Financial Sector
Assessment Program – Review, Lessons, and Issues Going Forward. Prepared by
the Staffs of the World Bank and International Monetary Fund. February 2003. (50
pages)
International
Standards: Strengthening Surveillance, Domestic Institutions, and International
Markets. Prepared by the Staffs of the International Monetary Fund and the
World Bank. March 2003. (Submitted by WB and IMF) (35 pages)
Report of the
Managing Director to the International Monetary and Financial Committee on the
IMF's Policy Agenda. September 2004. (Submitted by IMF) (33 pages)
Public Information Notice (PIN) No. 04/95:
IMF Executive
Board Reviews the Fund's Surveillance. (Submitted by IMF) (9 pages)
Public Information Notice (PIN) No. 03/43:
IMF Executive
Board Reviews International Standards: Strengthening Surveillance, Domestic
Institutions, and International Markets. April 2003. (Submitted by
IMF) (5 pages)
Session 3: Mechanisms For Crisis Prevention
Priority Reading
Debt Relief for Low Income Countries: Arbitration
as the Alternative to Present Unsuccessful Debt Strategies. Kunibert Raffer.
August 2001 (14 pages)
SDRM: Debt
Restructuring or Liquidation? C.P. Chandrasekhar, Jayati Gosh and Smitha
Francis (20 pages)
Also
Recommended
An Alternative
Approach to Financial Crises.
Ariel Buira. February 1999 (38 pages)
Primer: Sovereign Debt
Restructuring. Randall Dodd. 2002 (5
pages)
Sustainability and Justice: A Comprehensive Debt Workout for Poor Countries with
An International Fair and Transparent Arbitration Process (FTAP). CIDSE-Caritas
Internationalis. September 2004. (11 pages)
Banks' Interactions With
Highly Leveraged Institutions. Basle Committee on Banking Supervision.
January 1999. (27 pages)
Towards a
Statutory Approach to Sovereign Debt Restructuring: Lessons from Corporate
Bankruptcy Practice around the World. Patrick Bolton. January 2003 (36 pages)
IMF Discusses
Status Report on Crisis Prevention and Precautionary Arrangements. October
2004 (Submitted by IMF) (3 pages)
Session 4: Provisions of Credit in Times of Crisis
Priority Reading
Read section II.2: Design of IMF Financial
facilities and section IV.1 SDRs from
What Progress
on International Financial Reform? Why so Limited? Stephany Griffith-Jones
and José Antonio Ocampo. 2002 (pages 11-13 and pages 21-22)
Read Section F - An
International Lender of Last Resort from
Capital Flows to
Developing Countries and the Reform of the International Financial System.
Yilmaz Akyüz and Andrew Cornford. November 1999. (pages 33-36) This document is
also used in Session 6)
Also Recommended
Innovative sources of financing for development. (A59/272) Note by the
Secretary General of the United Nations. August 2004. (17 pages)
IMF Concludes
Discussion on Access Policy in the Context of Capital Account Crises; and Review
of Access Policies in the Credit Tranches and the Extended Fund Facility.
March 2003. (11 pages)
Session 5: Management of Capital Flows and Risk Exposure
Priority Reading
Capital Management Techniques in Developing
Countries: An Assessment of Experiences from the 1990’s and Lessons For the
Future. Gerald Epstein, Ilene Grabel and K.S. Jomo. April 2003 (43 pages)
Up From Sin: A Portfolio
Approach to Financial Salvation. Randall Dodd and Shari Spiegel. August 2004
(29 pages)
Capital-account and counter-cyclical prudential regulations in developing
countries. José Antonio Ocampo. February 2003. (37 pages)
Also Recommended
Domestic Financial
Regulations in Developing Countries: Can they Effectively Limit the Impact of
Capital Account Volatility? Liliana Rojas-Suarez. October, 2004. (31 pages)
Session 6: Institutional Matters: Are the Right Issues on the Agenda?
Priority Reading
Enhancing
IMF Governance. Leo Van Houtven. (6 pages)
The Governance
of the International Monetary Fund. Ariel Buira. 2003. (20
pages)
The Reform of Global Financial Governance Arrangements.
Stephany Griffith-Jones and Jenny Kimmis (39 pages)
Also Recommended
Systemic Reform at a
Standstill: A Flock of "Gs" in Search of Global Financial Stability. Roy
Culpeper.
June 2000 (28 pages)
Can More
Representative Governance Improve Global Economic Performance?
Ariel Buira. 2004 (24 pages)
Civil Society,
Governance and Globalisation: World Bank Presidential Fellow Lecture. Dr. Kumi
Naidoo. February 2003. (12 pages)
Governance of
the IMF: Decision Making, Institutional Oversight, Transparency, and
Accountability. Leo Van Houtven, IMF 2002, Pamphlet Series No. 53.
(Submitted by IMF) (92 pages)
Note:
Please check the agenda from each of the Expert Meetings for
additional papers that were presented at each consultation |
