Publication

This paper examines the impact of the increased representation of emerging economies in global financial governance since the 2008-2009 global financial crises. In particular, the author focuses on 1) the effect the growing involvement of emerging economies is having on the international financial standard-setting processes; and 2) the countries’ compliance with these standards. In general, the author contends that extending membership to include emerging economies has, to some extent, strengthened their role in the rule-making process related to international standards. However, he also argues that their role in these processes has been constrained by their levels of expertise and resources.