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Blueprint for a new international financial order

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Politicians have acted decisively to restore confidence and liquidity in the banking sector through the injection of capital and guarantees on interbank loans. The UK, continental EU countries, the US and Switzerland, have injected new capital into their home banks, increasing capital ratios.

Political leaders are now calling an international conference for a new international financial order to discuss the creation of a supranational supervisory body, Bretton Woods II.

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en

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text/html

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http://knowledge.insead.edu/NewFinancialOrder081104.cfm

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