Indicator-based Monitoring of the Eurasian Integration Process: Preliminary Remarks

Book Title: 
EDB Yearbook of Eurasian Economic Integration
Author(s): 
Editor(s): 
Publication Year: 
2009
Publication Place: 
Almaty, Kazakhstan
Publisher: 
Eurasian Development Bank
Pages: 
283-289
Abstract: 

The on-going crisis has triggered qualitative changes in the global political and economic architecture. Separate elements of global economic and financial reforms are already visible. In particular, the process of G20 institutionalisation, which reflects the growing weight of developing economies, has finally begun. Following a slowdown of operations over the last decade, the role of IMF has increased rapidly, as the institution finds itself at the forefront of helping many national economies survive. The idea of the world reserve currency is actively discussed and IMF’s SDRs are the most commonly mentioned option. Furthermore, for better or worse, a global financial regulator is likely to be established.