The evolving multi-layered global financial safety net : role of Asia

• Main Author: Rana, Pradumna B.
• Other Authors: S. Rajaratnam School of International Studies
• Format: Working Paper
• Language: English
• Published: 2013
• Subjects: DRNTU::Social sciences::Economic development
• Online Access: https://hdl.handle.net/10356/95321; http://hdl.handle.net/10220/9109
• Institution: Nanyang Technological University

This paper argues that in the aftermath of the global economic crisis, the relatively centralised international monetary architecture set up at the Bretton Woods conference is evolving towards a more decentralised multi-layered global financial safety net (GFSN) comprising (i) the G20 at the apex as...