Abstract
And I have become convinced that it is in the interests of stability – and of preventing crises in developing countries and emerging market economies – that we seek a new rule-based system: a reformed system of economic government under which each country, rich and poor, adopts agreed codes and standards for fiscal and monetary policy and for corporate governance… over time – the implementation of the codes should be a condition of IMF and World Bank support. (Gordon Brown, UK Chancellor of the Exchequer, speech to the Federal Reserve Board, New York, 16 November 2001.)
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© 2003 Benu Schneider
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Schneider, B. (2003). Implications of Implementing Standards and Codes: A Developing-country Perspective. In: Schneider, B. (eds) The Road to International Financial Stability. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230524378_2
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