BWC Blog
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Media | Title | Date |
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Anna Breman and Stefan Ingves:Climate: IMF conditionality could increase the speed and efficiency of climate financingLast 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 | |
Marjo Koivisto and Daria Taglioni:Circular Business in the Global Economy: Priority on RedesignAside from accelerating decarbonization of industries, a key priority in the global economy today is to reduce the use of virgin materials. In discussions over the circular economy (CE), emphasis is usually put on “reusing” and “recycling”. Instead, for CE to grow sufficiently to avert the grim projections of the global economy running out of materials within decades, more pervasive change is needed. The notion that products and materials that depreciate slower are more valuable must be better internalized by their industrial and household consumers. |
Wed, Feb 24, 2021 | |
Danny Leipziger:China Has a Unique Opportunity to Take the Lead on Emerging Market IndebtednessThe current state of the global economy and the outlook for the next few years do not bode well for Emerging Market and Developing Economies (EMDEs). Many countries were overly indebted before the pandemic and additional borrowing, one of the few options available to them, will push many into the terrain of unsustainable debt. China’s joining the Debt Service Suspension Initiative of the G-20 is commendable; however, this action only deals with official debt held by poorer EMDEs. |
Fri, Jan 15, 2021 | |
Ousmène Jacques Mandeng:Central Bank Digital Currencies: Reordering International Monetary RelationsFinancial technology seems set to have a major impact on monetary relations. |
Wed, Apr 17, 2019 | |
Ousmène Jacques Mandeng :CBDC-50 Years After the End of Bretton Woods50 years ago, the Bretton Woods system of fixed exchange rates came to a sudden stop. It seemed the end of an era of multilateral and rules-based monetary cooperation considered critical to facilitate international payments. |
Wed, Aug 4, 2021 | |
James M. Boughton:Can We Expect a “New Bretton Woods”?As the world economy and its governance structure continue to evolve at an accelerating rate, calls for reform of multilateral institutions are growing louder. |
Tue, Feb 5, 2019 | |
Danny Leipziger:Can the West Counter the BRI?It is no secret that the West is exceedingly uncomfortable with China’s Belt and Road Initiative (the BRI) and its role in building infrastructure in developing countries, and for good reasons. The terms of these investments by China’s parastatal banks are opaque and recent research reveals that contracts include non-disclosure covenants to keep them so. That said, it is China that is pouring the most money into infrastructure investments into Sub-Saharan Africa in particular in a way that no one else can match. |
Thu, Jul 8, 2021 | |
Ousmène Jacques Mandeng:Bretton Woods—Why the dollar?The Bretton Woods Conference will celebrate its 80th anniversary this year. The conference can be seen to have formalised the role of the U.S. dollar as the dominant currency in the international monetary system. This remains so to this day as does the considerable controversy it produced. |
Thu, Apr 4, 2024 | |
Randy Rodgers:Bretton Woods@75 and the 2050 Global EconomyJuly 1, 2019 will mark 75 years since the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire in 1944. It is an understatement to say that the global economy has changed since the delegates of 44 nations gathered at Bretton Woods; yet, the changes of the past 75 years may pale in comparison to the economic transformations ahead. |
Thu, Nov 29, 2018 | |
Gary Kleiman:Bretton Woods and Emerging Markets Investment: Toward A New Golden AgeBoth the Committee and emerging market investment field have been in existence for roughly half the period of the 75-year history of the Bretton Woods institutions. |
Thu, Mar 14, 2019 |