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Index 349
General Agreement on Trade in Services Goldman Sachs, 47
(GATS), 70, 219, 220, 224–38: governance reform, 21, 58, 72: global,
Fifth Protocol, 219, 220, 225, 232, 74–77, 79
235–36 government revenues, 61, 68, 107
financial services, 221–24, 234 grain reserves, 102
General Arrangements to Borrow Gramm-Leach-Bliley Act, 238
(GAB), 121, 134, 136–37 Great Depression, 2–3, 143, 195, 276,
Germany, 119, 129 297, 298, 314
Glass-Steagall Act, 143, 237, 273, gross domestic product (GDP), 36, 39,
298–99 62, 63 table 3.1, 75, 96, 102, 149,
Glass-Steagall New Deal regulations. see 287, 322–33
Glass-Steagall Act Guidance for Computing Capital for
Gleneagles aid, 82n23 Incremental Risk in the Trading Book
Global Development Finance, 49 (2008), 181
Global Economic Council (GEC), 77 Guidotti-Greenspan Rule, 326
Global Economic Coordination Council Guinea: food riots, 93
(GECC), 309–10
global economic governance, 71–72, 76, H
77, 79, 309 Haiti: food riots, 93
global finance, 9, 38, 40–44, 67, 94 Heavily-indebted poor countries
Global Financial Integrity, 263 (HIPCs), 60
global financial markets, 10, 59, 90, hedge funds, 10, 26, 29, 49–50, 128,
203, 315 150, 156, 158, 183, 244, 250, 282:
Global Financial Products Safety regulation, 16, 46, 126, 152–54, 291
Commission, 128 herd behavior, 40
global financial system, 36, 38, 40, 44, High-Access Precautionary Stand-by
78, 92, 150, 255, 315, 337 Arrangements (HAPAs), 137
Global Green New Deal, 70, 79 High-income countries, 62, 196 fig. 8.2
global imbalances, 57, 67, 71, 76, 78, Highly leveraged institutions (HLIs),
80n3, 316–17, 333: 156
management of, 4–5, 11–15, 21 Hong Kong, 171, 177
reduction of, 328–29
role in crisis, 308–9, 314 I
global liquidity, 31, 35 fig. 2.4, 36–37 Iceland, 113, 117, 262, 282, 288
fig. 2.5–6, 38, 148, 305, 321. see also imports, 63, 107–9, 120, 255, 303
liquidity income, 20, 45, 55–56, 61–64, 72, 96,
global reserve system, 79, 316, 319, 98, 122, 132, 149, 261, 301–3:
321–22, 327, 329: and employment, 65, 68, 70, 72, 124
flaws of, 315–22 remittances, 59, 61–62, 81n10
and global liquidity, 37 fig. 2.6, 38 Incremental Risk Charge (IRC), 184,
reform, 77–78, 315, 328–30, 337 185–87
SDR-based, 331–35 India, 28, 30 fig. 2.2, 52, 84, 87, 94, 98,
global warming, 79, 85 110, 117, 160–61, 177, 211, 236,
globalization, 47, 56, 58, 70, 144, 241, 263:
246, 249, 299–302, 311, 315 capital management techniques, 207,
golden age of economic growth, 195 210 table 8.2, 211, 213 table 8.3
G24 all chapters 12-06-10.indb 349 6/12/2010 1:03:56 AM
