ABSTRACT

Ever since the Asian financial crisis of the late 1990s, leading industrial countries around the world have been committed to support an integrated set of global financial rules. What was at the time dubbed the New International Financial Architecture (NIFA), lost steam after 2002 (Helleiner and Pagliari 2010). But since the credit crisis erupted, the G20 has reaffirmed its commitment to an integrated rule set, in the run-up to its summit in Saint Petersburg in September 2013.