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‘Global Governance Crisis?’: Dr Hans Corell; Dr Jianguang Shen; Dr Ulf Dahlsten; Prof Eva Micheler

19 May 2015, 2:00 pm5:00 pm

An agreement, which was reached five years ago between the US Administration, the European partners and China on an increased influence for the emerging economies in the International Monetary Fund (IMF), has been blocked by the US Congress. China has now responded to this provocation by creating competing institutions to the World Bank, the latest being the Asian Infrastructure Investment Bank (AIIB). Leading European countries have decided to be co-founders. Governor Zhou of the People’s Bank of China highlighted in a speech on the 21st March 2015 once again the Chinese interest in a larger role for China and for the RMB in the IMF and in the Special Drawing Rights. He also indicated that the alternative is to accelerate the use of the RMB as a reserve currency. Many expect that the dormant initiative to an Asian Monetary Fund also may be revived. Are we facing a global governance crisis and does this reflect a general decline in the role of and respect for International Law? Is there a way to save a common institutional framework and especially the development of a common International Market Law? 
Registration and coffee
IS INTERNATIONAL RULE OF LAW IN THE BALANCE? Speaker: Dr Hans Corell, former Chief Legal Counsel of the United NationsComments: Dr Elizabeth Wilmshurst, Chatham HouseChair: Professor Roman Frigg, CPNSS, LSE
BRETTON WOODS AND CHINASpeakers: Dr Jianguang Shen, Chief Economist, Mizuho Securities Beijing;Mark Bowman, Director General, HM Treasury, tbc

Chair and Introductory Remarks: Gideon Rachman, Financial Times

THE LACK OF INTERNATIONAL MARKET LAWSpeakers: Dr Ulf Dahlsten, CPNSS, LSEProf Eva Micheler, Department of Law, LSE

Chair: Prof Charles Goodhart, Financial Markets Group, LSE



19 May 2015
2:00 pm – 5:00 pm
Event Category:


Ronald Coase Lecture Theatre 32L.LG.04
32 Lincoln's Inn Fields
London, WC2A 3PH United Kingdom
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