Tagged: G-20

G-20 nations pledge to deal with debt

The Group of 20 industrialized nations wrapped up their meeting in Toronto promising to have their government deficits by 2013 and “stabilize” debt loads by 2016, signaling to domestic political audiences and international markets that they’re serious about reducing stimulus spending.  But economics Professor Laurence Kotlikoff, author of “Jimmy Stewart is Dead” about the future […]

G-20 to deal with global recovery

Next week’s meeting of the Group of 20 industrial nations in Toronto will face competing efforts to deal with the fragile global economic recovery.  International relations Professor Kevin Gallagher, currently a visiting professor at Tsinghua University in Beijing, writes in a Financial Times commentary that developing a sovereign debt crisis management regime should be at […]

Global bank tax coming?

British Prime Minister Gordon Brown predicts a global bank tax may by enacted as soon as this summer at the G-20 meeting of economic powers.  Law Professor Daniel Berman, director of the Graduate Tax Program and a former U.S. Treasury deputy international tax counsel, says establishing such a tax could be harder than it sounds. “When I […]

G-20 and international regulatory reform

Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says the G-20 communique outlining new international financial regulatory reforms marks a new era. “The specificity of the G-20 pact signals a new era of cross-border cooperation on an array of regulatory […]