We are seeing not just an economic crisis of global proportions but the very rapid evolution of the whole international financial architecture.

FORBES: Magazine Article

Proposals for strengthening the current international financial architecture abound.

CNN: This monetary body would limit Crisis spillover effects

Two years after the Asian currency crisis abruptly slammed booming economies into reverse and threatened a global recession, there has been much talk about reforming the international financial architecture, but less action.

CNN: FIXING THE WORLD

Asian financial crisis, the speed with which it spread, and the inadequacy of existing international institutions to deal with it have led to wide-ranging debate about the need for a new international financial architecture.

CNN: This monetary body would limit Crisis spillover effects

And next week there will be announcements on progress in a number of areas, including financial regulatory reform, international financial architecture issues that Under Secretary Brainard will talk about, but also other global issues as well.

WHITEHOUSE: Press Briefing

The agenda covered the old chestnuts of the debate about the international financial architecture: how to involve the private sector in financial crises, the importance of international standards and codes of good practice, and the need for greater transparency.

ECONOMIST: IMF/World Bank: Business as usual? | The