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38742. Reforming the Global Architecture of Financial Regulation: The G20, the IMF and the FSB
- Author:
- Malcolm D. Knight
- Publication Date:
- 09-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- The global financial crisis that began in 2007 and deepened in 2008 exposed major weaknesses in financial and macroeconomic policy coordination, and profound flaws in financial risk management and regulation in a number of advanced countries. The severity of the crisis led global leaders to recognize that they must find a way to reform the global regulatory architecture to ensure that the financial system can absorb shocks while continuing to function efficiently.
- Topic:
- International Trade and Finance, Markets, International Monetary Fund, Financial Crisis, and Reform
- Political Geography:
- United States, United Kingdom, and Europe
38743. African Perspectives on Sovereign Debt Restructuring
- Author:
- Domenico Lombardi, Skylar Brooks, and Ezra Suruma
- Publication Date:
- 09-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- On August 7 and 8, 2014, CIGI's Global Economy Program co-hosted a conference with Uganda Debt Network to discuss African perspectives on sovereign debt restructuring. The proceedings, opened by the vice president of Uganda, took place in Kampala, and featured several distinguished participants — including current and former finance ministers and central bank governors, academics and practitioners, and civil society representatives — from Uganda, Liberia, Cameroon, Ghana, Nigeria, Zambia and Zimbabwe. Participants also came from civil society organizations and intergovernmental institutions representing broader groups of African countries or the continent as a whole.
- Topic:
- Debt, Development, and Economics
- Political Geography:
- Uganda, Africa, Liberia, Zimbabwe, Nigeria, Ghana, and Cameroon
38744. Respond and Restrain: Deterrence and Reassurance in Northeast Asia
- Author:
- Brad Glosserman
- Publication Date:
- 12-2014
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- The US extended deterrent in Northeast Asia is strong. US alliances with Japan and South Korea are each arguably in the best shape in years, with alliance modernization efforts proceeding in tandem with domestic adjustments to security policy that strengthen the foundation for cooperative action. Policy toward North Korea, historically a wedge between Washington and allied governments in the region, is largely aligned, and serving as a glue rather than a source of discord. This otherwise sunny outlook is darkened by the difficulties in the Seoul-Tokyo relationship. The (from a US perspective) obvious convergence of interests among the three governments is overshadowed by a lengthy and depressingly well-rehearsed list of problems. The second US-ROK-Japan Trilateral Extended Deterrence Dialogue, hosted by Pacific Forum CSIS and the Asan Institute for Policy Studies, with indirect support from the Project on Advanced Systems and Concepts for Countering WMD (PASCC) and the Defense Threat Reduction Agency (DTRA), explored ways to overcome those obstacles to enhanced cooperation. In an attempt to push the envelope, the 43 senior participants from the three countries joined 17 Pacific Forum Young Leaders (all attending in their private capacities) in discussions and a tabletop exercise that was designed to explore reactions to a nuclear contingency on the Korean Peninsula. The results were sobering and underscored the need for increased coordination and planning among the three governments to prepare for such a crisis in Northeast Asia.
- Topic:
- Conflict Prevention, Diplomacy, Regional Cooperation, Weapons of Mass Destruction, and Nuclear Power
- Political Geography:
- Japan, Asia, South Korea, and North Korea
38745. Korean Unification in a New Era
- Author:
- Victor D. Cha
- Publication Date:
- 12-2014
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- As a result of a speech delivered by Republic of Korea (ROK) president Park Geun- hye in Dresden, Germany, on March 28, 2014, the topic of unification of the Korean peninsula has been on the minds of many. This is, of course, not the first time that unification has been in the news. During the Cold War era, unification was defined as the absolute military victory of one side over the other. In Korean, this was known as “songgong t'ongil” or “p'ukch'in t'ongil” (“march north” or “unification by force”). In political science literature influenced by the European experience, it was defined as the perfect integration of the two countries. After the reunification of Germany on October 3, 1990, unification was seen as the economic and political absorption of one side by the other. And yet at other times, it was defined, by both North and South Korea, as the imperfect operation of one country, two systems. For a decade during the period of “sunshine” policy, 1997–2007, unification was defined as something to be avoided for generations. It was framed as an outcome that was too difficult to contemplate, too dangerous to suggest, and too expensive to afford.
- Topic:
- Security, Economics, and Bilateral Relations
- Political Geography:
- South Korea, North Korea, and Germany
38746. International Shifts and Their Security Impact on the Gulf: Key Trends and Key Numbers
- Author:
- Anthony H. Cordesman
- Publication Date:
- 12-2014
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- I have been asked to help set the stage for this conference by looking at the broader issues that can address the issue of A World with No Axis? International Shifts and their Impact on the Gulf. I have spent enough time in the Gulf over the years to know how often people have strong opinions, interesting conspiracy theories, and a tendency to ignore hard numbers and facts. We all suffer from the same problems, but today I'm going to focus as much on f act s and numbers as possible. I'm only going to select only a portion of the key trends and numbers involved in my oral remarks , but I will leave the conference with a much longer paper that lists a fuller range of such data. This paper that will also be on the CSIS web site, along with a series of very detailed papers on the military balance in the Gulf. If you want to provide me with your card, I'll also make sure the papers involved are sent to your directly.
- Topic:
- Diplomacy, Regional Cooperation, International Security, and Governance
- Political Geography:
- Russia, United States, Middle East, Arabia, and Qatar
38747. The Gulf Military Balance Volume III: The Gulf and the Arabian Peninsula
- Author:
- Anthony H. Cordesman, Robert M. Shelala II, and Omar Mohamed
- Publication Date:
- 09-2014
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- The Gulf and the Arabian Peninsula are critical to US strategic interests and collectively represent the single most important theater in the US - Iranian strategic competition. The proximity of the Arab Gulf states to Iran; the region's geostrategic value to the stability of the global economy; the shifting military balance; and the social, demographic, and economic tensions that threaten to create political upheavals in several key states make it a potential flash -point for tensions between Washington and Tehra.
- Topic:
- Regional Cooperation and Political Power Sharing
- Political Geography:
- Washington, Arabia, Saudi Arabia, and United Arab Emirates
38748. Evolving Threats and Strategic Partnership in the Gulf
- Author:
- Anthony H. Cordesman
- Publication Date:
- 12-2014
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- This paper provides an updated analysis of the military balance in the Gulf region focusing on US power projection capability and the relative size and capability of GCC and Iranian military forces. It shows that Iran is anything but a regional superpower if GCC states provide the cooperation and interoperability between their forces.
- Topic:
- Regional Cooperation, Military Strategy, and Hegemony
- Political Geography:
- Iran and Arabia
38749. Gulf Security, Stability, and Terrorism: Country Rankings
- Author:
- Anthony H. Cordesman
- Publication Date:
- 11-2014
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- There is no one way to measure the level of security and stability in given countries, the conditions of life, or the rising threat posed by internal; and domestic terrorism. This analysis provides a wide range of metrics from reporting by the World Bank, UN, and US government. It focuses on trends and it will be immediately clear to the reader that it does not always reflect the shattering impact of the violence and upheavals that have taken place in some countries since 2011.
- Topic:
- Religion, Terrorism, International Security, and Governance
- Political Geography:
- Arabia
38750. Assessing a Deal or Non-deal with Iran: The Critical Issue of Iran's Progress in Weapons Research, Development, and Production Capability.
- Author:
- Anthony H. Cordesman
- Publication Date:
- 11-2014
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- It now seems unlikely that the P5+1 countries of the United States, Russia, China, the United Kingdom, France, and Germany can reach a comprehensive agreement with Iran by the end of November. A final agreement remains a possibility, but it seems far more likely that if an agreement is not reached, the negotiations will be extended rather than abandoned all together. The question then arises as to how to judge the outcome of this set of negotiations, be it an actual agreement, an extension, or the collapse of the negotiations.
- Topic:
- Diplomacy, Nuclear Weapons, Treaties and Agreements, International Security, and Nuclear Power
- Political Geography:
- Russia, United States, China, United Kingdom, Iran, France, and Germany