THE 2008 CRISIS AND THE INTERNATIONAL FINANCIAL ARCHITECTURE: REGULATION PROPOSALS OF THE G-20 AND ITS CHALLENGES

Authors

DOI:

https://doi.org/10.22456/2176-5456.78868

Keywords:

Group of 20 (G-20), Financial crisis (2007/2008), International regulation, Basel Accords

Abstract

The effects of the financial and economic crisis of 2007 and 2008 in the
international finance architecture demonstrated that the regulation accords implemented
up to that moment were not risk-free. Being said that, this article aims to demonstrate
how the Group of 20 (G-20) acted after the crisis seeking a political articulation and a new
proposal of international regulation, which would increase the resilience of the system.
However, the national strategic interests and the fact that countries need to implement the
accords internally are challenges faced in the search for broader financial stability. Changes
in the international regulations were fulfilled with the work of the G-20 with other instances,
which originated Basel III; nevertheless, the instable nature of the system remains the same.

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Author Biographies

Rúbia Marcussi Pontes, Universidade Estadual de Campinas (UNICAMP)

Mestranda em Ciência Política (IFCH-UNICAMP)

Olivia Bullio Mattos, Universidade Estadual de Campinas (UNICAMP)

Instituto de Economia (IE-UNICAMP); Faculdades de Campinas (FACAMP)

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Published

2019-10-10

How to Cite

Marcussi Pontes, R., & Bullio Mattos, O. (2019). THE 2008 CRISIS AND THE INTERNATIONAL FINANCIAL ARCHITECTURE: REGULATION PROPOSALS OF THE G-20 AND ITS CHALLENGES. Análise Econômica, 37(74). https://doi.org/10.22456/2176-5456.78868

Issue

Vol. 37 No. 74 (2019): Setembro/2019

Section

Artigos

License

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