Reconstruction of the Old Institutions

Author:

Asal Ugur Yasin1ORCID,Ekren Nazım1

Affiliation:

1. Istanbul Commerce University, Turkey

Abstract

The recent global economic and financial crisis has fundamentally questioned the crisis management mechanisms of the international institutions. Despite the development of the skills of these institutions, financial vulnerability, economic imbalances, and the instability of the macroeconomic performance indicators are still rising cyclically. The G20 represents roughly 85% percent of global GDP and two-thirds of the world population. It emerged as a leading body for international economic performance. The lack of permanent secretariat of the G20 is decreasing the effectiveness, legitimacy, and the economic viability of the club. Regarding this philosophical background, the role of G20s' institutional structure is examined according to institutional capacity and the macroeconomic performance of the club.

Publisher

IGI Global

Reference54 articles.

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2. Agarwal, M. & Samantha, S. (2014). Financial crisis of 2008 and shifting economic power: Is the convergence?. China Report, 50, 1, pp. 45-67.

3. Ekonomi Politikası Yönetiminde Mali ve Parasal Kurallar. Kurumsal İktisat Kurallar, Kurumlar ve Ekonomik Gelişme;C. C.Aktan;Sermaye Piyasası Kurulu Kurumsal Araştırmalar Serisi. No: 2. Yayın No. 194,2006

4. Yeni Kurumsal İktisat. Kurumsal İktisat Kurallar, Kurumlar ve Ekonomik Gelişme;C. C.Aktan;Sermaye Piyasası Kurulu Kurumsal Araştırmalar Serisi No: 2, Yayın No. 194,2006

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