G20 (Group)
The Group of Twenty Finance Ministers and Central Bank Governors (G-20, G20, Group of Twenty) is group of finance ministers and central bank governors from 20 economies: 19 countries plus European Union w/ representatives from IMF and World Bank, meeting regularly on global economic crisis.
Source: Soederberg, S. (2010). The Politics of Representation and Financial Fetishism: the case of the G20 summits. Third World Quarterly, 31(4), 523-540. doi:10.1080/01436591003701067.
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The Global Financial Crisis »The Global Financial Crisis
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How should the US and other governments respond? »How should the US and other governments respond?
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G20 (Group)
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Author: NATHALIE BOSCHAT
Cited by: Amanda Xu 6:33 PM 5 November 2010 GMT
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Excerpt / Summary
European countries joined Asian countries, and big emerging markets in South America protesting Fed's $600 billion new cash infusion on Nov. 3, 2010 before next G20 Summit in South Korea. The depreciation of U.S. dollar adds upward pressure on their currencies, creating asset bubbles and eventually impairing growth of the emerging markets. For some European countries like Germany, QE2 (quantitative easing in Q2 2010) means that U.S. is "undermining efforts to create a level playing field in the currency market."
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CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
▲
How should the US and other governments respond? »How should the US and other governments respond?
■
G20 (Group)