Looking Back at the G20

Publication: The Financial Times' CrookBlog

Author: Clive Crook

09/29/2009 - Returning from a week’s vacation, I’ve been catching up on the G20 summit in Pittsburgh. I am moved, of course, by  the FT’s strictures against cynicism, but one is still entitled to ask what was achieved.


Here is a further reading I found useful on the subject of capital requirements, by Douglas Elliott at Brookings. (The study was commissioned by the Pew Financial Reform Project.) What difference would higher bank capital standards make to the volume of bank lending, to bank profitability, and to the cost of loans? Elliott works through the numbers. It is an incomplete analysis, as he says, because it ignores some second-round competitive effects. (He promises another paper.) It is not an easy read, either. But it is very helpful in thinking through the implications and I recommend it.

Read the full article Looking Back at the G20 on the The Financial Times' CrookBlog.

Pew is no longer active in this line of work, but for more information, visit the main Pew Financial Reform page.

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