Dr. Carlo Monticelli (CEB) speaks at the ESM

Book presentation:
"Reforming Global Economic Governance, an Unsettled Order"

The architecture of global economic and financial governance has undergone a deep and pervasive reform in the last ten years, radically transforming international institutions and groups, such as the International Monetary Fund, the G7, and the G20. This book investigates the new, unsettled order which is now prevailing, driven by the change in the balance of power between advanced economies and key emerging market economies.

Bringing together multiple strands of analysis, traditionally kept separate, Reforming Global Economic Governance: An Unsettled Order particularly explores the role of Europe within this changing world. The book documents and examines a broad range of events, building on methods from economics and other disciplines, as well as on the insights from the author’s personal involvement. This innovative approach allows the reader to ascertain the defining features of the reform: the increasing fragmentation of governance; the interconnectedness of its different elements; and the strong concern for inclusiveness. Furthermore, it presents analyses highlighting the controversial nature of the new order which underpins the current policy debate on international economic relations, including the resurgence of nationalism and trade conflicts. Through these explorations, this engaging book has direct relevance for the future prospects of international economic affairs.

Offering a comprehensive view of these issues, this accessible text will appeal to scholars, insiders, and the general reader. Its detailed and thorough analyses will also be of great use to those studying economics, international political economy, and international relations.

Dr. Carlo Monticelli was appointed Vice Governor for Financial Strategy of the Council of Europe Development Bank (CEB) in April 2015 and began his five-year mandate on 1 November 2015.

Before joining the CEB, Dr. Monticelli served for more than a decade at the Italian Treasury. In his capacity as Head of International Financial Relations, Dr. Monticelli spent many years as alternate governor for Italy at the World Bank, the Asian Development Bank, the African Development Bank, the European Bank for Reconstruction and Development, and served on the Board of Directors of the European Investment Bank, and the Italian Export Credit Insurance Agency (SACE).

Before joining the Treasury, Dr. Monticelli's career straddled both private and public sectors, including time as Head of European Economics, Global Markets Research, at Deutsche Bank, London, and Deputy Director in the Research Department at the Bank of Italy.

Dr. Monticelli holds a Ph.D. in Economics from the University of Ancona, and an M.Sc. in Economics from the University of York. He is a visiting professor in the International Economics Department at the Graduate Institute in Geneva and a visiting scholar in the Economics department of Massachussetts Institute of Technology (MIT).

This is an ESM research internal seminar. If you would like to attend, please write an email to ESMresearch@esm.europa.eu