Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-78c5997874-v9fdk Total loading time: 0 Render date: 2024-11-08T07:29:44.304Z Has data issue: false hasContentIssue false

4 - The G20MAP, Sustaining Global Economic Growth and Global Imbalances: India’s Role in Supporting Cooperation among Global Macroeconomic Policymakers

from Section 3 - Global Macroeconomic Coordination and Reforming International Financial Institutions

Published online by Cambridge University Press:  05 July 2014

By
David Vines
Edited by
Parthasarathi Shome
Parthasarathi Shome
Affiliation:
Government of India
Get access

Summary

A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
The G20 Macroeconomic Agenda
India and the Emerging Economies
 , pp. 93 - 124
Publisher: Cambridge University Press
Print publication year: 2014

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Adam, Christopher and Vines, David. 2009. ‘Remarking Macroeconomic Policy after the Global Financial Crisis: A Balance Sheet Approach’. Oxford Review of Economics Policy, 25 (4), 507–52 December.CrossRefGoogle Scholar
Allsopp, Christopher and Vines, David. 2007b. ‘Fiscal Policy, Labour Markets, and the Difficulties of Intercountry Adjustment Within EMU’. In The Travails of the Eurozone, edited by Cobham, David. London: Palgrave Macmillan.Google Scholar
Allsopp, Christopher and Vines, David. 2010. ‘Fiscal policy, intercountry adjustment, and the real exchange rate within Europe’. In The Euro: The First Decade, edited by Buti, M. S., Deroose, V. Gaspar and Nogueira Martins, J.. Cambridge: Cambridge University Press. Also available as European Economy. Economic Papers. No 344. October 2008. Available at: http://ec.europa.eu/economy_finance/publications/publication_summary13256_en.htm [Accessed in October 2013].Google Scholar
Altshuler, Rosanne and Bosworth, Barry. 2010. ‘Fiscal Consolidation in America: the Policy Options’. Paper presented at a Macro Economy Research Conference on Fiscal Policy in the Post-Crisis World, held at the Hotel Okura, Tokyo, 16 November.Google Scholar
Blanchard, Olivier J. 2008. ‘The State of Macro’. NBER Working Paper No.14259.CrossRefGoogle Scholar
Blanchard, Olivier J., Dell’Ariccia, Giovanni and Mauro, Paolo. 2010. ‘Rethinking Macroeconomic Policy.’ IMF Staff Position Note, February, SPN/10/03. Available at: http://www.imf.org/external/pubs/ft/spn/2010/spn1003.pdf [Accessed in October 2013].CrossRefGoogle Scholar
Blanchard, Olivier J., Ariccia, Giovanni Dell’ and Mauro, Paolo. 2013. ‘Rethinking Macro Policy II: Getting Granular’. IMF Staff Discussion Note No. 13/03. Available at: http://www.imf.org/external/pubs/ft/sdn/2013/sdn1303.pdf [Accessed in October 2013].CrossRefGoogle Scholar
Blanchard, Olivier J. and Leigh, Daniel. 2013. ‘Fiscal consolidation: At what speed?’, VoxEU. Available at: http://www.voxeu.org/article/fiscal-consolidation-what-speed [Accessed in October 2013].Google Scholar
Blanchard Olivier, J. and Milesi Ferretti, Gian Maria. 2010. ‘Global Imbalances – in Midstream?’. IMF Research Department.CrossRefGoogle Scholar
Blanchard Olivier, J. and Ferretti, Milesi. 2011. ‘Why should current account imbalances be reduced?’. IMF Staff Note.CrossRefGoogle Scholar
Brown, Gordon. 2010. Beyond the Crash: Overcoming the First Crisis of Globalisation. London: Simon and Schuster.Google Scholar
Caballero, Ricardo J., Farhi, Emmanuel and Gourinchas, Pierre-Olivier. 2008. ‘An equilibrium model of “global imbalances” and low interest rates’. American Economic Review 98(1); 358–93.CrossRefGoogle Scholar
Corbett, Jenny and Vines, David. 1999a. ‘Asian Currency and Financial Crises: Lessons from Vulnerability, Crisis, and Collapse’. World Economy, 22 (2): 155–77.CrossRefGoogle Scholar
Corbett, Jenny and Vines, David. 1999b. ‘The Asian Financial Crisis: Lessons from the Collapse of Financial Systems, Currencies, and Macroeconomic Policy’. In The Asian Financial Crisis: Causes, Contagion and Consequences, edited by Agenor, M. Miller, Vines, David, and Weber, Axel. Cambridge: Cambridge University Press.Google Scholar
Corbett, Jenny, Irwin, Gregor and Vines, David. 1999. ‘From Asian Miracle to Asian Crisis: Why Vulnerability, Why Collapse?’. In Capital Flows and the International Financial System, edited by Gruen, David and Gower, Luke. Sydney: Reserve Bank of Australia.Google Scholar
Corden, W. Max 1993. ‘Why Did the Bretton Woods System Break Down’. In A Retrospective on the Bretton Woods System, edited by Bordo, M. and Eichengreen, Barry. Chicago: The University of Chicago Press.Google Scholar
Corden, W. M. 1994. Economic Policy, Exchange Rates, and the International System. Oxford: Oxford University Press.Google Scholar
Dooley, Michael P., Folkerts-Landau, David and Garber, Peter. 2004a. ‘The Revised Bretton Woods System’. International Journal of Finance and Economics, 9: 307–13.CrossRefGoogle Scholar
Dooley, Michael P., Folkerts-Landau, David and Garber, Peter. 2004b. ‘Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery.’ NBER Working Paper no. 10626.Google Scholar
Eichengreen, Barry. (ed.) 1995. Europe’s Postwar Growth. New York: Cambridge University Press.Google Scholar
Eichengreen, Barry. 2004. ‘The Dollar and the New Bretton Woods System’. Henry Thornton Lecture delivered at the Cass School of Business, London, 15 December.Google Scholar
Eichengreen, Barry. 2007. The European Economy since 1945: Coordinated Capitalism and Beyond. Princeton: Princeton University Press.Google Scholar
Eichengreen, Barry and O’Rourke, Kevin. 2012. ‘A tale of two depressions redux, VoxEU’. Available at: http://www.voxeu.org/article/tale-two-depressions-redux [Accessed in October 2013Google Scholar
Faruqee, Hamid and Srinivasan, Krishna. 2012. ‘The G-20 mutual assessment process – a perspective from IMF staff’. Oxford Review of Economic Policy 28(3): 493–11.CrossRefGoogle Scholar
Fleming, J. Marcus. 1962. ‘Domestic Financial Policy under Fixed and Floating Exchange Rates’. IMF Staff Papers 9: 369–79.CrossRefGoogle Scholar
G24. 2011. ‘Issues for Discussion’. G24 Technical Group Meeting, Pretoria, South Africa, 17-18 March 2011. Available at: http://www.g24.org/in0311.pdf [Accessed in October 2013].Google Scholar
House, Brett, Vines, David and Max Corden, W. 2008. ‘The International Monetary Fund’. New Palgrave Dictionary of Economics London: Macmillan.Google Scholar
International Monetary Fund. 2003. ‘The IMF and Recent Capital Account Crises: Indonesia, Korea, Brazil’. Report of the Independent Evaluation Office of the IMF. Washington, DC: International Monetary Fund. Available at: http://www.imf.org/external/np/ieo/2003/cac/pdf/main.pdf [Accessed in October 2013].Google Scholar
International Monetary Fund. 2006. ‘Evaluation Report: Multilateral Surveillance’. Report by the Independent Evaluation Office, Washington: D.C. Available at: http://www.ieo-imf.org/ieo/files/completedevaluations/09012006report.pdf [Accessed in October 2013].Google Scholar
International Monetary Fund. 2011. ‘Review of the IMF’s Involvement in the G20 Mutual Assessment Process’. Available at: http://www.imf.org/external/np/pp/eng/2011/051311.pdf [Accessed in October 2013].Google Scholar
International Monetary Fund. 2013. ‘The G-20 Mutual Assessment Process (MAP)’. International Monetary Fund Factsheet. Available at: http://www.imf.org/external/np/exr/facts/g20map.htm [Accessed in October 2013].Google Scholar
Institute for Fiscal Studies. 2011. ‘How does the UK’s planned fiscal consolidation compare?’. Available at: http://www.ifs.org.uk/publications/5693 [Accessed in October 2013].Google Scholar
Issing, O. 2002. ‘On Macroeconomic Policy Coordination in EMU’. Journal of Common Market Studies 40(2): 345–58.CrossRefGoogle Scholar
Keynes, John Maynard. 1919. The Economic Consequences of the Peace. London: Macmillan.Google Scholar
King, Mervyn. 2006a. ‘Reform of the International Monetary Fund’. Speech given to the Indian Council for Research on International Economic Relations (ICRIER) in New Delhi, India, on 20 February.Google Scholar
King, Mervyn. 2006b. ‘Through the Looking Glass: Reform of the International Institutions’, Inaugural International Distinguished Lecture, Melbourne Centre for Financial Studies, Australia, 21 December. Available at: www.bankofengland.co.uk. [Accessed in October 2013].Google Scholar
Lau, Lawrence J. 2010. ‘Some Myths about the Chinese Economy’, paper presented to the Hong Kong Monetary Authority Annual International Conference on the Chinese Economy.Google Scholar
Matthews, R. C. O. and Bowen, A.. 1988. ‘Keynesian and Other Explanations of Postwar Macroeconomic Trends’. In Keynes and Economic Policy, edited by Eltis, W. A. and Sinclair, P. J. N.. London: NEDO.Google Scholar
Matthews, R. C. O., Feinstein, C. H. and Odling-Smee, J. C.. 1982. British Economic Growth 1956–73. Oxford: Clarendon Press.CrossRefGoogle Scholar
Meade, James Edward. 1951. ‘The Theory of International Economic Policy, Vol. 1’. The Balance of Payments. London and New York: Oxford University Press.Google Scholar
Mendoza, Enrique G., Quadrini, Vincenzo, and Ríos-Rull, José-Victor. 2007. ‘Financial integration, financial deepness, and global imbalances’. CEPR Discussion Paper no. 6149.Google Scholar
Moggridge, Donald Edward. 1976. Keynes. London: Fontana.CrossRefGoogle Scholar
Mundell, Robert A. 1963. ‘Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates’. Canadian Journal of Economics and Political Science 24: 1345–57.Google Scholar
Oudiz, Gilles and Sachs, Jeffrey. 1984. ‘Macroeconomic Policy Coordination among the Industrial Economies’. Brookings Papers on Economic Activity 1:1–64.CrossRefGoogle Scholar
Padoa-Schioppa, Tommaso. 2010. Keynote Speech at the ICRIER-CEPII-BRUEGEL Conference on ‘International Cooperation in Times of Global Crisis: Views from G20 Countries’. Held in New Delhi, on 16–17 September 2010.Google Scholar
Portes, Richard. 2009. ‘Global Imbalances’. Mimeo. London: London Business School.Google Scholar
Prasad, Eswar S. 2009. ‘Rebalancing Growth in Asia’. NBER Working Paper No. 15169.CrossRefGoogle Scholar
Qureshi, Zia. 2011. ‘G20 MAP: Growth, Rebalancing, and Development’. Presentation to a G24 Meeting Pretoria, 17 March 2011. Available at: http://www.g24.org/zqu0311.pdf [Accessed in October 2013].Google Scholar
Regling, Klaus and Watson, Max. 2010. A Preliminary Report on The Sources of Ireland’s Banking Crisis. Dublin: Government Publications Office.Google Scholar
Temin, Peter. 2002. ‘The Golden Age of European Growth Reconsidered’. European Review of Economic History 6(01): 3–22.CrossRefGoogle Scholar
Temin, Peter and Vines, David. 2013. The Leaderless Economy: Why the World Economics System Fell Apart and How to Fix It. Princeton. Princeton University Press.Google Scholar
Vines, David. 2003. ‘John Maynard Keynes 1937–1946: the Creation of International Macroeconomics’. Economic Journal 113(448): F338–61.CrossRefGoogle Scholar
Vines, David. 2008. ‘James Meade’. New Palgrave Dictionary of Economics. Revised Edition. London: Macmillan.Google Scholar
Williamson, John 1983. ‘Keynes and the International Economic Order’. In Keynes and the Modern World, edited by Worswick, David and Trevithick, James. Cambridge: Cambridge University Press.Google Scholar
Yiping, Huang and Wang, Bijun. 2010. ‘Cost Distortions and Structural Imbalances in China’. China & World Economy 18(4): 1–171.Google Scholar
Yongding, Yu. 2009. ‘China’s Responses to the Global Financial Crisis’, Richard Snape, Lecture, Productivity Commission, Melbourne. Available at: http://www.eastasiaforum.org/wpcontent/uploads/2010/01/2009-Snape-Lecture.pdf [Accessed in October 2013].Google Scholar
Yongding, Yu. 2012. ‘Rebalancing the Chinese Economy’. Oxford Review of Economic Policy, 28(3): 551–68.CrossRefGoogle Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×