« Sensible ideas from Bob Geldof | Main | Trade protection and growth »

November 15, 2008

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c891753ef010535f1cfc1970b

Listed below are links to weblogs that reference And now the real G-20 Communiqué:

Comments

Don the libertarian Democrat

I just read through it, and it seemed to be simply a statement of the kind of world we'd like to live in. There didn't seem to be anything to argue with, because there weren't any specifics. What was the point? Why not just say we'll try and do things better in the future?

Per Kurowski

Let me share with you from my Voice and Noise my personal experience as an Executive Director of the World Bank 2002-2004 with these “Statements” or “Communiqués” as they are more elegantly called

“The Annual Meetings Development Committee Communiqué

I must confess that I do not really understand how it gets produced. We sort of start out by pitching out a lot of issues to ourselves and then we go over to the other side and bat the balls back for about eleven continuous hours just so that we can later have a chance of fielding them again in our Board meetings six months later. It is hard to tell whether we are in a virtuous or a vicious circle or, if at the end of the day when we get some issues out of the loop, it is because we have adequately exhausted these issues or because they have just exhausted us.

Nonetheless in this unpleasantly volatile world we might find comfort in the thought that our communiqués provide an inspiring source of stability—as they always read the same.

Any readers who do not understand what I am talking about should not worry. The preparation of communiqués is like one of those strange initiation rites impossible to describe to anyone not part of them … and to most who are part of it.”

Cheers

Per Kurowski

But on a more serious note let me question it when they say:

“Regulators must ensure that their actions support market discipline, avoid potentially adverse impacts on other countries, including regulatory arbitrage…”

What more discipline could they want than having imposed on the markets as a Governess Fraulein Credit Rating Agencies and that later turned out to be so crazy as to guide them to the subprime swamplands? Do they really believe that finding a better qualified Mary Poppins, or a Maria will do it? Scary! Why don’t they leave the banks alone so that they learn to depend on themselves instead of following as a herd any agency that no matter how good it gets, is bound to take them, and us, sooner or later, over a cliff?

“Adverse impacts on other countries”? Like when the supposed global good of a credit rating agency turned into a global bad and caused a German bank that had never awarded a mortgage in Germany to be the first casualty of this subprime mortgage having followed the AAA signs looking for high risk-weighted returns in California?

“including regulatory arbitrage? Are we now finally to get rid of the current “minimum capital requirements for banks” that has created such a damaging and useless regulatory arbitrage on risk…whatever that now is?

Barkley Rosser

The statment does call for the development of "colleges of supervisors" (that is, of regulators). In the near term this may be the most realistic approach to moving towards international coordination of regulation, and had begun more informally already. This involves how a specific multinational enterprise, particularly a financial one, is regulated, with the regulators from the main nations the enterprise operates in meeting together to coordinate their regulation of that specific enterprise. To the extent this can be done, this is a good thing.

The main problem with this will be to coordinate to shut down the loophole escape hatch sorts of places such as the Cayman Islands. This will involve the G-20+ countries forbidding their own financial institutions from dealing with any entity operating in environments that do not enforce internationally accepted financial standards.

timberland  boots

Just wanted to say HI. I found your blog a few days ago and have been reading it over the past few days.

nike sb

Your article very interesting, I have introduced a lot of friends look at this article, the content of the articles there will be a lot of attractive people to appreciate, I have to thank you such an article.

cheap jordan shoes

Great site and I am really pleased to see you have what I am actually looking for here and this post is exactly what I am interested in. I shall be pleased to become a regular visitor

chi flat iron

I feel like time is going incredibly fast and slow at the same time. The weeks/months seem to be crawling...but at the same time, I turn around on Monday and suddenly it is Sunday again

us drugstore

Thanks for the review, but i must confess that I don't understand how it gets produced.

soft play

I love your blog. It's very interesting and insightful.

VigRX Plus Reviews

Nice information that you share on this article. I like to thank you for posting this great article. Good information.

Asian girls

Excellent point. Thanks for posting this great article.
Good info.

online drugstore

Good review. We glad to see you at online drugstore

trusted drugs

Really a very interesting and helpful blog and the posts.

Vimax

Yes. i am interested in it.

Your article is excellent and I like to read more about this.

thanks for sharing.
http://www.buyvimaxpills.net

VigRX Plus

The real answer is some do and some don't. However, your article is good in terms of true informative and solution.
thanks for sharing.

Enzyte reviews

I like it.

this article is useful to us.

thanks for posting this helpful information online.

Gay online

According to this, "Regulation is first and foremost the responsibility of national regulators who constitute the first line of defense against market instability."

100% true.

Filipino girls

You posted this useful information which I enjoyed reading it. Well, I learned something from this great article and thank for your hard work. About this G-20 Communiqué, you got the point.

Male enhancement products

Thanks for posting this great information. I think you got a good point on this great article. I will recommend it to my friends and others to read it.

Vimax reviews

This is a great post in terms of G-20 Communique. I learned from this post and like to thank you for sharing it here.

vigrx plus

your review Dani is far better to read than the official one!

MaleExta Reviews

This article is good in terms of its real content about G-20.

I like this one.

Thanks for sharing.

vigrx plus

Do not purchase VigRx Plus before you study evaluates from buyers who have tried this product and posted their true reviews and results about pills. http://vigrxplustruth.blogspot.com/

MBT Men's


Now, the Spring Festival is just around the corner. We all hope to receive a special gift from our parents, relatives and friends. Also?we want to send them a special present.

rolex watches

This is clearly replica watches the job for our legal fraternity to engage the establishment to necessary breitling watches steps by filing petitions in various courts. IF one fails another should be cartier watches filed taking every one to task. It is rolex watches useless to suggest ways and means to solve tag heuer watches the day to day problem to well paid employees tissot watches of government controlled establishments. Only active omega watches judiciary will resolve this problem.
http://www.watchvisa.com
http://www.watchvisa.com/breitling-watches.html
http://www.watchvisa.com/cartier-watches.html

bvlgari watches

They should take up building BVLGARI Watches dams for power generation. We should FRANCK MULLER watches learn from china. They have the world's largest dam for power CHANEL Watches production, it alone produces 22,000 MW of LONGINES Watch power. So, unless the government opens up the economy more for iwc watches foreign investors, this power cut problem is a life long disease every hublot-watches india will need to face.
http://www.watchvisa.com/bvlgari-watches.html
http://www.watchvisa.com/chanel-watches.html
http://www.watchvisa.com/franck_muller-watches.html

Aion kinah

What I was looking for were three things: (i) coordination on fiscal stimulus!

Asian Dating Online

I reckon the key challenge here is not what you mentioned, but bringing everyone together to agree on goals that benefit Earth itself, instead of each individual's selfish reasons.

ghd straighteners

GHD straighteners was kmown as ghd flat iron, which was authorized online seller provides all kinds of hair straighteners,pink ghd,purple ghd,babyliss. By visiting ghd australia , you will find what you want and made yourself more beautiful.If you miss it ,you miss beauty.Buy a piece of ghd for yourself.Come and join us http://www.ghdoutlet-au.com/ to win the ghd iv styler.

cheap jordan shoes

this article is good in terms of its real content about G-20.

birkenstock

Birkenstock was Made in Germany since 1774 . Check out our Birkenstock sandals and Birkenstock shoes including the Birkenstock gizeh,at the lowest regular outlet prices, free shipping and when you put on Birkenstocks. you will feel very comfortable.

p90x workout

Potent http://www.p90xmall.com combination of pressing, curling, and fly movements, that will leave you stronger. http://www.p90xmall.com
http://www.p90xmall.com
http://www.p90xmall.com

Nike Air Jordan

The good news, thank you!

Christian Louboutin

This article is good in terms of its real content about G-20.

coach sale

The world is often unkind to new talent, new creations. But your only limit is your soul.

lachou

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

Projector Screen


Projector Screen : We carry a huge selection

of LCD and DLP projectors, projectors screens, projector mounts, projector lamps and

projector bulbs.

taiwanese girls

is taiwan a part of G-20 ?

jordan shoes

Thanks for sharing your article. I really enjoyed it. I put a link to my site to here so other people can read it. Came across your blog when I was searching bing I have found the bit of info that
I found to be quite useful.

Penis Enlargement

A great article - the first 8 words might have been right but no doubt the rest of the official document held much to be desired!

cheap jordans

I think this is a great post. One thing that I find the most helpful is number five. Sometimes when I write, I just let the flow of the words and information come out so much that I loose the purpose. It’s only after editing when I realize what I’ve done. There’s defiantly a lot of great tips here I’m going to try to be more aware of.

jordans for sale

Thanks a lot for sharing. You have done a brilliant job. Your article is truly relevant to my study at this moment, and I am really happy I discovered your website. However, I would like to see more details about this topic. I'm going to keep coming back here.

jordan shoes

This is a wonderful site. The things mentioned are unanimous and needs to be appreciated by everyone.

uggs boots

This article is good in terms of its real content about G-20.

I like this one.

wholesale replica handbags

I was extremely pleased to find this website.I wanted to thank you for this good understand I definitely enjoying every single small bit of it and We've you bookmarked to check out new stuff you post.

handbags wholesale

My friend told me that this blog is competitive.wholesale new era caps i will read more.Once again great post. You seem to have a good understanding of these themes.When I entering your blog,I felt this . handbags wholesale Come on and keep writting your blog will be more attractive. To Your Success!

Thanks for sharing your article.cheap LV handbags I really enjoyed it. I put a link to my site to here so other people can read it.chanel handbags online Came across your blog when I was searching bing I have found the bit of info that
I found to be quite useful.

Rose Charley

This is really help for others since it is made naturally..And it doesn't have adverse effect...:)

pandora-bracelets-australia

I really enjoyed this too!

Patrickubuane

Hi Dani,

Though I personally regard these guys hypocrites. However, this part totally put me off, "...a commitment to provide more liquidity support, as needed, to prevent a further spread of the crisis to emerging nations.."

What a lieQ

Account Deleted

raf

Thanks for sharing.

Account Deleted

we are china wholesale beads store, and welcome to visit http://www.zacoo.com

apotekonline dk

Tak for udstationering dette store oplysninger. Jeg tror, ​​du fik en god pointe om denne store artikel.

John Sullivan

I love your article and I would assume at this point that so-so is better than way off.VigRx

Account Deleted

Many places and centers offer business and trade promotions to both buyers and supplier.What about the differences in skill intensities across industries? The job losses in the relatively unskilled-labor intensive battery industry should have little effect on the relatively skilled-labor intensive machinery
sexshop
sexyshop
sexshop online
alongador peniano

Account Deleted

Thanks to a brilliant effort in publishing your article. One can be more informative as this. There are many things I can know only after reading your wonderful article.

organic seo service

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment