Griffith-Jones Stephany author Columbia University. Initiative for Policy Dialogue Thiemann Matthias author Columbia University. Sociology Seabrooke Leonard author Columbia University. Initiative for Policy Dialogue originator text Working papers New York United Nations Development Programme, Bureau for Development Policy, Poverty Group 2010 This paper examines important and desirable reforms of the international financial regulatory and taxation architecture, both from the perspective of their technical desirability and their political feasibility. The paper provides insights into how to increase the chances that desirable changes in the financial and taxation architecture will actually happen. In providing a map on the prospects of financial reform, the paper identifies the main political and technical hazards to be navigated. To do so, and pinpoint the key dangers, the paper employs Albert Hirschmann's framework for understanding negative reactions to reform agendas. We conclude by stressing that the need for reform is vital given the threat financial crises pose to development and poverty reduction. Finance Economics http://hdl.handle.net/10022/AC:P:15047 English NNC NNC 2012-10-23 14:47:34 -0400 2012-10-23 15:04:25 -0400 9047 eng