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Financial Reforms Newsletter - August 2018
Dear Readers,
This newsletter begins with a report on the meeting of G20 Ministers of Finance and Governors of Central Banks that took place in Buenos Aires, Argentina on 20-21 July 2018. The gathering was remarkable for its general failure to act on the issue of financial instability, which many developing countries are currently experiencing. The second article explains how quantitative easing in Western countries has led to financial volatility in developing countries as well as government and corporate debt, with all of its potential negative consequences. Nevertheless, numerous potential intervention measures have yet to be instituted.

Myriam Vander Stichele,
Senior researcher at SOMO
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G20 and financial instability


G20 Finance Ministers and Central Bankers take little action against emerging risks in the financial system

Despite the huge government and corporate debts assumed by developing countries, and the increasing volatility of capital flows, the G20 Finance Ministers and Central Bankers preferred to focus more on tackling the emerging trade wars and increasing the private financing of infrastructure.
Read more >

The politics of quantitative easing and the increasingly negative consequences they have on developing countries

The negative effects of the loose monetary policies called quantitative easing (QE) (and referred to as “the printing of money” – operated by the US, other Western countries and the European Central Bank, have created volatile capital conditions both within and outside of developing countries, which have dramatically increased both government and corporate debt. Read more about the causes and consequences of QE, and measures to be taken, in this article.
Read more >
This newsletter has been produced with the support of grants from the Dutch Ministry of Foreign Affairs and Brot für die Welt. The contents of this newsletter are the sole responsibility of SOMO and can under no circumstances be regarded as reflecting the position of the funders.
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EU Financial Reforms · Sarphatistraat 30 · Amsterdam, 1018 GL · Netherlands

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