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ContentsForewordviiIntroduction 1Richard Baldwin and David VinesThe governance of international macroeconomic relationsThe G20MAP, global rebalancing, and sustaining globaleconomic growth 17David VinesFiscal consolidation and macroeconomic stabilisation 27Giancarlo CorsettiThe Eurozone Crisis – April 2012 35Richard PortesThe Triffin Dilemma and a multipolar internationalreserve system 47Richard PortesGlobalisation, financial stability, and global financial regulationFinancial stability: Where it went and from whence itmight return 57Geoffrey UnderhillThe crisis and the future of the banking industry 67Xavier Freixas

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