AUTHOR'S BIO
Stephany Griffith-Jones
Stephany Griffith-Jones is Head of Financial Research of the Initiative for Policy Dialogue at Columbia University.
| RECENT COMMENTARIES | FEATURED COMMENTARIES | MOST READ COMMENTARIES |
-
The G-20’s Helpful Silence on Capital Controls
Jose Antonio Ocampo, Stephany Griffith-Jones and Kevin P. Gallagher Series: The New Global Economy 2011-10-30When French President Nicolas Sarkozy took the reins as host of this year’s G-20 summit, to be held in Cannes on November 3-4, he called on the IMF to develop an enforceable “code of conduct” for the use of capital controls in the world economy. But, while the IMF’s proposed code is a step in the right direction, it is misguided.... read Comments: 3 Recommended: 0 Read: 13392
-
Damming Capital
Jose Antonio Ocampo, Kevin P. Gallagher and Stephany Griffith-Jones Series: Frontiers of Growth 2011-04-19
Capital controls have been at the center of global financial debates for two years, as emerging countries strain under a wave of speculative inflows. Now, the IMF has finally endorsed some capital-account regulations, but its new guidelines don't go nearly far enough.... read Comments: 1 Recommended: 0 Read: 14390
-
A Modest Proposal for the G-20
2011-04-01In March, a group of international scholars and policymakers met in Beijing to discuss reform of the international monetary system. The consensus was that the G-20 should adopt a modest proposal this year: a limited expansion of the International Monetary Fund’s current system of Special Drawing Rights.... read Comments: 1 Recommended: 2 Read: 28391
-
Self-Financing Development
Stephany Griffith-Jones, Jose Antonio Ocampo and Pietro Calice Series: Frontiers of Growth 2008-08-30Developing countries have been accumulating foreign-exchange reserves at an unprecedented pace in recent years, with their total volume now totaling roughly $5 trillion. If developing countries were to use a small portion of this wealth to increase financing for regional and sub-regional development banks, they could more easily meet their infrastructure investment needs.... read Comments: 0 Recommended: 0 Read: 19342
-
Latin America and the New Financial Architecture
Stephany Griffith-Jones Series: Latin America 2002-06-20Argentina's ongoing crisis demonstrates, if demonstrations are still needed, that emerging market crises remain with us. Indeed, so frequent have such crises been over recent years that we seem almost to take them for granted. In the 120 months of the 1990s, 40 emerging markets (i.e., 33% of the world's developing countries), experienced serious financial distress. So it is time to ask: what viable steps have been taken to create a financial architecture able to contain and reduce this number? ... read Comments: 0 Recommended: 0 Read: 12372
