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32. Boxing with Elephants: Can Canada Punch above Its Weight in Global Financial Governance?
- Author:
- James M. Boughton
- Publication Date:
- 03-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- Canadians have long harboured a desire to "punch above their weight" in international diplomacy, an aspiration justified by Canada's position in the world both geographically and culturally. This paper examines one aspect of that effort: Canada's role in international financial governance, particularly within the International Monetary Fund. The key issue for the future is whether Canada will continue to have the capacity and the will to take leading positions and actions in the face of increasing competition from the rapidly growing emerging market countries.
- Topic:
- Economics, Emerging Markets, International Trade and Finance, International Monetary Fund, and Governance
- Political Geography:
- United States and Canada
33. Institutional Arrangements for Climate Finance
- Author:
- David Runnalls, Jessica Boyle, and Dave Sawyer
- Publication Date:
- 03-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- The most recent report of the Intergovernmental Panel on Climate Change(IPCC) is unequivocal about the magnitude of the challenge posed by man-made climate change. If the world is to avoid exceeding the 2°C average increase in temperature agreed by governments in Copenhagen as the maximum safe level, it needs to move quickly to facilitate the transition to a lower-carbon economy.
- Topic:
- Climate Change, Economics, International Cooperation, and Governance
- Political Geography:
- United Nations
34. Disclosure-based Governance for Climate Engineering Research
- Author:
- A. Neil Craik and Nigel Moore
- Publication Date:
- 11-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- Transparency has become a dominant theme within academic and policy discussions on climate engineering (CE) research governance. As CE research moves from modelling and laboratory studies to field experiments, there is a need to operationalize transparency; that is, to move from transparency in principle to transparency in practice. This, in turn, requires greater attention be paid to the purposes that CE research transparency is intended to serve since the ends sought, as well as the context in which they will operate, will drive the design features of disclosure mechanisms.
- Topic:
- Climate Change, Environment, Governance, and Reform
35. Legal Mechanisms for Governing the Transition of Key Domain Name Functions to the Global Multi-stakeholder Community
- Author:
- Aaron Shull, Paul Twomey, and Christopher S. Yoo
- Publication Date:
- 11-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- The US government has announced that it is prepared to unilaterally relinquish its historical control of the key technical functions that make up the modern-day Internet. This control stems from the foundational role played by the United States in the creation of the Internet, and has been exercised through the law of contract over the organization that performs these functions, a not-for-profit corporation based in California, the Internet Corporation for Assigned Names and Numbers (ICANN). Under the existing contractual arrangement, ICANN has been accountable to the US government for the performance of these functions. However, if the US government is no longer party to this agreement, then to whom should ICANN be accountable?
- Topic:
- Science and Technology, Communications, and Governance
- Political Geography:
- United States and California
36. Organizational Culture, Learning and Structure in Central Banks: Best Practices and the Case of the Moroccan Central Bank
- Author:
- Bessma Momani and Samantha St. Amand
- Publication Date:
- 08-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- This paper provides both theoretical and empirical evidence that maintains that a central bank's organizational structure, culture and learning system are important for achieving best governance practices. It argues that a central bank's organizational structure and culture facilitate the effective implementation of governance practices that have been enacted by law or in a strategic plan, with specific reference to central bank independence, communication, transparency, professionalization, technical excellence and reputation risk management.
- Topic:
- Governance and Reform
- Political Geography:
- Canada and Morocco
37. Tipping the Scale: An Analysis of Global Swing States in the Internet Governance Debate
- Author:
- Tim Maurer and Robert Morgus
- Publication Date:
- 05-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- In December 2012, numerous news outlets reported on the debate over Internet governance that took place at the World Conference on International Telecommunications (WCIT) in Dubai. It was the first time in nearly a decade that the topic attracted major international media attention. The conference ended in a diplomatic éclat with 89 states signing the new International Telecommunications Regulations (ITRs) and 55 publicly opposing them.
- Topic:
- International Relations, International Cooperation, Science and Technology, Bilateral Relations, and Governance
- Political Geography:
- Arabia
38. Sovereign Debt Crisis Management: Lessons from the 2012 Greek Debt Restructuring
- Author:
- Miranda Xafa
- Publication Date:
- 06-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- The 2012 Greek debt exchange was a watershed event in the euro area debt crisis. It generated fears of contagion and was viewed as a threat to the euro itself. Although it achieved historically unprecedented debt relief, amounting to €106 billion (55 percent of GDP), it was “too little, too late” in terms of restoring Greece's debt sustainability. There is a heated debate as to whether the debt restructuring should have taken place sooner, when Greece's adjustment program was agreed to in May 2010. This paper argues that a deep haircut up front, under threat of legislative action, would have been seen as unnecessary and deeply coercive. But delaying the restructuring beyond mid-2011, when it became clear that Greece's debt was unsustainable, was unjustified. The delay reduced the stock of privately held debt subject to a haircut, possibly making an official debt restructuring inevitable down the road. Initial fears that the Greek debt restructuring would pose a serious threat to the euro area's financial stability proved to be exaggerated. On the contrary, it demonstrated that an orderly default involving a pre-emptive debt restructuring is possible in a monetary union, provided appropriate firewalls are in place to limit contagion risks. With crisis management institutions and procedures now in place in the euro area, and with much stricter fiscal surveillance, the Greek experience is likely to remain unique in the history of debt restructurings; however, some lessons can be learned from its specific features.
- Topic:
- Debt and Governance
- Political Geography:
- Europe and Greece
39. The African Union and the Post-2015 Development Agenda
- Author:
- Barry Carin
- Publication Date:
- 07-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- African countries are currently engaged at the United Nations (UN) to determine the post-2015 framework to succeed the Millennium Development Goals (MDGs). The post-2015 goals matter because they will guide the priorities of UN agencies, the multilateral development banks, bilateral development assistance and civil society organizations. It is in Africa's interests to ensure the post-2015 framework is congruent with African priorities. African Union negotiators must take a strategic approach in the current process to select the post-2015 development goals.
- Topic:
- Development, Governance, and Reform
- Political Geography:
- Africa and United Nations
40. Internet Points of Control as Global Governance
- Author:
- Laura DeNardis
- Publication Date:
- 08-2013
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- The distributed nature of Internet infrastructure and relatively malleable user engagement with content can misleadingly create the impression that the Internet is not governed. When Internet governance does rise to media or public prominence, this usually involves high-profile controversies such as the Egyptian government cutting off citizen Internet access or government-delegated censorship requests for Google to delete politically sensitive content. These are examples of Internet content governance via infrastructure. But beneath this layer of content, at much more technologically concealed layers, coordinated and sometimes centralized governance of the Internet's technical architecture is necessary to keep the network operational, secure and universally accessible. This governance is enacted not necessarily through traditional nation-state authority but via the design of technical architecture, the policies enacted by private industry and administration by new global institutions. While these coordinating functions perform highly specialized technical tasks, they also have significant economic and political implications.
- Topic:
- Security, Science and Technology, Sovereignty, and Governance
- Political Geography:
- Egypt