Publication

This brief examines the weaknesses of the international institutions - including the IMF and the Financial Stability Board (FSB), among others - responsible for governing the global financial system. The author looks at the activities of these institutions leading up to the 2008 financial crisis to highlight their shortcomings and argues that advancements made since the crisis have not improved the way they function. He concludes by recommending that these institutions should adopt a set of policies modeled on the way the World Trade Organization operates.