The Pittsburgh G20 checklist

Abstract

In this timely policy contribution, Visiting Scholar Ignazio Angeloni suggests that the Pittsburgh G20 may represent policymakers' last chance at real financial market reform. He develops a shortlist of recommendations for world leaders to tackle at the summit and says that world leaders at the summit must strengthen the stability of the financial sector while avoid micro-management. G20 leaders must also strengthen the global financial governance structures and work on an IMF-led framework to containing the development of future current-account imbalances across nations. This latest version also includes a postscript written by Angeloni and published in the October 2009 issue of Intereconomics: Review of European Economic Policy judging the outcome of the summit.