Date of first transmission: 2008-03-29T13:09:00-00:00 (audio available for approximately 1 week)
The crisis in the world's financial markets has spurred calls for global oversight of the international banking system. But who or what would be the world's financial policeman?
World Business Review this week points out that a possible candidate exists in the International Monetary Fund, which has long been under pressure to reform.
So should the Fund have a new role, as some world leaders would like, something like an international financial overseer?
IMF deputy managing director John Lipsky joins Rodney Smith's other guests; the founder of the Centre for the Study of Global Governance at the London School of Economics, Lord Desai; Ted Truman, senior fellow at the Peterson Institute in Washington and former senior official at the US Treasury and the US central bank, the Federal Reserve, in the final World Business Review, as they discuss the case for global financial oversight for the 21st century.
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