Global Cooperation Among G20 Countries

Responding to the Crisis and Restoring Growth

  • Michael Callaghan
  • Chetan Ghate
  • Stephen Pickford
  • Francis Xavier Rathinam

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Michael Callaghan, Chetan Ghate, Stephen Pickford, Francis Rathinam
    Pages 1-21
  3. Eurozone Crisis: Short-Run Challenges and Options

    1. Front Matter
      Pages 33-33
    2. Holger Fabig, Yannick Kirchhof, Inka Zippe
      Pages 35-57
    3. Pierre Jacquet
      Pages 73-79
  4. Rebalancing the Global Economy

    1. Front Matter
      Pages 81-81
    2. Jong Kook Shin, Chetan Subramanian
      Pages 109-117
  5. Financial Sector Regulation

  6. A New Framework for Reforming the International Monetary System

    1. Front Matter
      Pages 159-159
    2. Jyoti Rahman, Ewa Orzechowska-Fischer, Redom Syed
      Pages 161-177
  7. Capital Control Policy and Emerging Market Economies (EMEs)

  8. Austerity and Growth

    1. Front Matter
      Pages 239-239
    2. Denis Medvedev, Smriti Seth
      Pages 281-285
    3. Shankar Acharya
      Pages 287-292
  9. Jae-Ha Park, Gurbachan Singh
    Pages E1-E1
  10. Back Matter
    Pages 293-300

About this book


At the outbreak of the global financial crisis, 2008, the G20 was widely acknowledged as helping prevent an even more serious decline in the global economy. It helped to calm the panic in financial markets and articulate a set of possible policy options to restore global stability and growth. However, as the dual-track recovery set in, policy options for advanced economies and EMEs diverged. Within this context, this book will explore the scope for cooperation amongst the G20 and the diverging challenges and the intricate interconnectedness of policy options between advanced economies and the EMEs within the G20.


Fiscal Policy International Monetary Arrangements International Monetary Institutions International Political Economy International Relations Macroeconomic Aspects of International Trade Macroeconomic Policy Monetary Policy

Editors and affiliations

  • Michael Callaghan
    • 1
  • Chetan Ghate
    • 2
  • Stephen Pickford
    • 3
  • Francis Xavier Rathinam
    • 4
  1. 1.G20 Studies CenterLowy Institute for International PolicySydneyAustralia
  2. 2.Economics and Planning UnitIndian Statistical Institute - DelhiNew DelhiIndia
  3. 3.Chatham HouseLondonUnited Kingdom
  4. 4.South Asia Research HubDepartment for International Development (DFID)New DelhiIndia

Bibliographic information