In a Development Policy Seminar held in New York yesterday, Nicolas V?ron, Senior Fellow at Bruegel in Brussels and Visiting Fellow from the Peterson Institute for International Economics, argued that the effectiveness of post-crisis reforms in financial regulation in making global finance more stable is not so far proven. In his presentation, he showed that unintended consequences of the reforms are appearing gradually, even as their initial implementation is still unfinished. In his view, the G20 has established neither an adequate institutional infrastructure nor a consistent policy vision for a globally integrated financial system. This shortcoming justifies increasing concerns about economically harmful market fragmentation. One key aim, according to V?ron, should be to make international regulatory bodies more representative of the rapidly-changing geography of global finance, not only in terms of their membership but also of their leadership and location.
SDG #8: Decent work and economic growth

??Central banks in developed and emerging economies ease monetary policy
Agreement reached to extend Greece's bailout programme through June
Inflation pressures increasing in CIS economies, while easing in many other emerging economies

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Pingfan Hong, Director of DPAD/DESA, will be presenting his analysis on the growth patterns of MDGs and how it needs to be transformed for the new Sustainable Development Goals this Wednesday, 11 February 2015, 4:00 pm ? 5:30 pm at the United Nati

Global economic growth is forecast to increase marginally over the next two years at 3.1 per cent in 2015 and 3.3 per cent in 2016, compared with an estimated growth of 2.6 per cent for 2014. An expected US interest rate increase, remaining euro area