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Global Financial Reform in the Wake of the Financial Crisis of 2008

   In the five-year period since the outbreak of the global financial crisis, much attention has been given to the financial reforms that are needed at the national and global levels to minimize the risks of such crises in the future.  The discussions on global financial reform have been coordinated mainly by the G20 major advanced and emerging market economies, and have focused on improvements in what is known as the international financial architecture (IFA). 


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