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The International Financial Crisis, Global Financial Governance and the European Union

Leuven Centre for Global Governance Studies Working Paper No. 52

27 Pages Posted: 24 Feb 2011 Last revised: 28 Mar 2012

Jan Wouters

Katholieke Universiteit Leuven - Leuven Centre for Global Governance Studies

Steven Sterkx

Independent

Tim Corthaut

affiliation not provided to SSRN

Date Written: September 1, 2010

Abstract

The financial crisis that hit the world in 2008 exposed the fragility and weaknesses of our global financial system. It has triggered a global response: world leaders – for the most part in the framework of the revitalised G20 – have held several meetings to discuss and agree on a global plan for recovery and the reform of global financial governance. This chapter addresses these responses, with particular attention to the position, role and representation of the European Union (EU) in global economic and financial governance institutions in the light of the changes brought about by the Treaty of Lisbon.

Keywords: Financial Crisis, Group of Twenty, European Union, Global Financial and Economic Governance, Treaty of Lisbon

Suggested Citation

Wouters, Jan and Sterkx, Steven and Corthaut, Tim, The International Financial Crisis, Global Financial Governance and the European Union (September 1, 2010). Leuven Centre for Global Governance Studies Working Paper No. 52. Available at SSRN: https://ssrn.com/abstract=1766555 or http://dx.doi.org/10.2139/ssrn.1766555

Jan Wouters (Contact Author)

Katholieke Universiteit Leuven - Leuven Centre for Global Governance Studies ( email )

House De Dorlodot - Deberiotstraat 34
Leuven, B-3000
Belgium

HOME PAGE: http://www.globalgovernancestudies.eu

Steven Sterkx

Independent ( email )

No Address Available

Tim Corthaut

affiliation not provided to SSRN ( email )

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