The Warwick Commission on International Financial Reform brings together a range of world-class economists, political scientists, and lawyers from both the scholarly and policy worlds to explore how international financial reform can move beyond questions of architecture and towards how it may be possible to build consensus.
A range of topics are important here in understanding possibilities for contemporary international financial reform. Among others, they include:
- Reforming bank regulation to improve macro-financial stability
- The relationship between banks and the ‘shadow banking’ sector
- The relationship between financial regulation and social policy
- The impact of asset booms on wealth accumulation and distribution within OECD economies
- The impact of asset booms on wealth accumulation and distribution within Emerging Market Economies
- Differences in the political economy of credit access within OECD economies that constrain regulatory harmonisation
- International cooperation between regulatory agencies
- Mechanisms to address global imbalances from capital flows
- The legitimacy of international economic institutions, particularly the representation of non-G-7 states.
The Warwick Commission is especially concerned with the political economy of reform, focusing explicitly on the politics of the crisis and its links to the real economy in OECD economies, as well as questions of representation for Emerging Market Economies within international financial reform debates.