Publication

This paper analyzes how the G20, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) have cooperated in their efforts to reform the global financial system so it can better withstand economic shocks. The author also suggests a number of actions the IMF and the FSB could take to improve their cooperation with one another as well as their general effectiveness. Furthermore, he highlights some of the problems in an international financial system where no single agency has overall responsibility for regulatory oversight as well as the future role of the FSB and the IMF in financial stability.