To view BWC Open Blog Calls, click here.
|Laura Tyson and Harry Broadman:
The Indo-Pacific Economic Framework and US-China Relations
The eagerness driving the Biden administration’s launch of its Indo-Pacific Economic Framework (IPEF) is perfectly understandable: the U.S. needs to raise its game and systematically tap into some of the fastest growing economies in the world. Indeed, the countries participating in developing the IPEF are states that have “good bones”: rapidly rising incomes; a workforce that is young, well-educated, and eager to hone their skills; and governments who understand that “rule of law” begets investment.
|Tue, Aug 9, 2022|
Why Central Banks Cannot Fix the State?
There are many high-profile examples these days of shifting the problems of the “state” on to other institutions, thereby placing the latter in impossible situations. Looking at Europe, we see the European Central Bank grappling with widening bond spreads caused by deeply entrenched fiscal problem, such as those facing Italy. No matter how skillfully the ECB operates in bond markets, it cannot substitute for national actions, including those which raise political uncertainty and then increase spreads within the Eurozone.
|Sun, Jul 31, 2022|
Open Blog Call: The Indo-Pacific Economic Framework and US-China Relations
BWC wants to hear its members’ take on how President Biden’s recent visit to Asia might shape Asian multilateral economic policy, and how might China respond to Biden's signature economic initiative for the region?
|Thu, Jul 21, 2022|
The Need for WTO Reform
The recent WTO Ministerial Conference MC12 that concluded on June 17 has been hailed as an important achievement of the WTO, given its agreement on a number of substantive issues that have been under discussion for some time, as listed in the MC12 Outcome Document.
|Mon, Jul 18, 2022|
|Anna Breman and Stefan Ingves:
Climate: IMF conditionality could increase the speed and efficiency of climate financing
Last year, the members of the International Monetary Fund (IMF) approved an allocation of special drawing rights (SDRs) of USD 650 billion, the largest allocation in the history of the IMF. Since then, a new financing instrument at the IMF is being discussed, largely financed by these new SDRs.
|Fri, May 20, 2022|
|Kevin P. Gallagher:
Answering Yellen’s Call for a Shake Up of the International Economic System
In these times of information overload it is easy to overlook groundbreaking news. In the midst of the G7 walk out of the G20 meetings and subsequent inability of the International Monetary Fund to issue a communique at its annual meetings during a period of unprecedented economic uncertainty, US Treasury Secretary called for a fundamental reform of the international financial architecture. This is a major event for US policy, which is at the epicenter of the problem and the solution.
|Tue, Apr 26, 2022|
The Empire and the Dollar
In our multicurrency world, the U.S. dollar is widely used for pricing internationally traded goods, for international payments, and for denominating the assets governments and companies hold as reserves. Why is that and what are its implications for U.S. behavior? What would a better system look like?
|Mon, Mar 28, 2022|
IFI’s as Game Changers for a new Economy
By: Herman Mulder, Former ABN AMRO Bank; co-initiator of the 2003 Equator Principles; Chair True Price, Impact Economy Foundation; Chair SDG Netherlands.
|Tue, Mar 8, 2022|
War-Torn Country Banking Systems Beg Repair
Small policy decisions and temporary fixes are often offered at the beginning of a conflict, but IFIs need to begin making larger reforms sooner instead of postponing them. This way, economic systems can heal holistically instead of receiving temporary band-aids.
|Thu, Mar 3, 2022|
About 5 days ago, on February 24, Russia illegally and without provocation and cause attacked the sovereign country of Ukraine. It is in everyone’s interest (with the exception of the military industrial complex) to end the fighting and establish a sustainable peace as quickly as possible.
|Mon, Feb 28, 2022|