With the onset of the current financial crisis, the world has seen an initial unwinding of global imbalances that were built up over the past decade. As the crisis continues to unfold – after years of expansionary monetary policies, financial deregulation and excessive credit utilization – a fundamental question emerges:

How might the governance and structure of the global financial system evolve over both the near-term and long-term?

This report explores this question by describing a range of recent macroeconomic shifts in section one, a near-term outlook (up to 2012) for governance and structure in section two and a long-term view (up to 2020) in section three.

Download the report at the following link:

https://members.weforum.org/pdf/scenarios/TheFutureoftheGlobalFinancialSystem.pdf