Member Views

Debt Fixes Can Help Rebuild Ukraine

“Policy planners in Kyiv, Washington, Brussels and London must start the complex and essential process of planning for rebuilding before the conflict ends,” writes BWC Board of Directors Vice-Chair William Rhodes today for Reuters. “In doing so they should deploy the financial innovation which helped to halt the Latin American debt crisis of the 1980s: Brady bonds.”

Sovereign debt workouts need knocking into shape

The BWC is pleased to Member Spotlight a recent article by Reuters featuring a proposal regarding sovereign debt workouts from BWC Member Hung Tran.

Consider a Debt for Vaccines Program

Almost a year after the start of the Covid-19 pandemic, infections continue to increase in much of the world and especially in Latin America and the Caribbean, where the consequences are already counted in economic, social and political terms.

Debt Crisis will Delay Global Recovery

The Covid-19 pandemic will spark hugely damaging debt defaults in developing countries, hampering rebuilding and recovery.

Recovery Requires Greater Cooperation: Come Together

The coronavirus threatens thousands, possibly millions of lives across the globe. It is first and foremost a health crisis and the disease must be beaten, and the curve of Covid-19’s spread must be flattened for our lives to return to something approaching normalcy.

Wall Street Journal Bestselling Business Books

BWC member Paul Sheard's new book The Power of Money recently reached The Wall Street Journal's bestselling list for business books.

Bretton Woods Committee congratulates Paul on this achievement!

There’s No Magic in How SDRs Help the Poor

A new SDR allocation would provide liquidity to many emerging and developing countries that today have severely limited access to external financing.

Inflation, Money Supply and Spiraling Expectations

John Greenwood and Steve Hanke’s contention that excessive monetary growth is the cause of recent high inflation doesn’t hold water (“The Monetary Bathtub Is Overflowing,” op-ed, Oct. 22). Behind the 35.7% increase in M2 money supply that they cite—and attribute mainly to the Federal Reserve—lies $5.5 trillion of net spending power injected by the federal government. This was to offset the biggest short-term hit to aggregate demand in U.S. history.

Goldman Sachs’s Chief Economist Has Nailed Big Calls. Here’s His Next One.

The BWC is delighted to Member Spotlight our organizational member Goldman Sachs, in the latest Wall Street Journal article titled "Goldman Sachs’s Chief Economist Has Nailed Big Calls. Here’s His Next One." The insightful commentary includes a number of references to BWC Chair Bill Dudley.

Prestige Economics' Schenker on Fed, Dollar

Jason Schenker, President at Prestige Economics, discusses his outlook for Fed policy and the dollar. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Australia".