Member Views | The Bretton Woods Committee

Title	Article date	Article source
Nouriel Roubini: The Global Consequences of a Sino-American Cold War What started as a trade war between the United States and China is quickly escalating into a death match for global economic, technological, and military dominance.	Tue, May 21, 2019	Project Syndicate
Anthony Elson: The Global Currency Power of the US Dollar: Problems and Prospects When the COVID-19 pandemic triggered a “risk-off” flight of capital in the spring of 2020, private investors and financial institutions turned to US Treasury bonds as the alternative “safe asset.” The retreat from financial markets was soon reversed, in part because of the Federal Reserve’s formidable response to the threat of a global financial collapse. Fifty years after President Richard Nixon cut the link between gold and the dollar reserves held by foreign central banks, the US dollar continues to play a predominant role in the global financial system, with enormous spillover effects for US monetary policy.	Fri, Aug 26, 2022	International Monetary Fund (IMF)
Mohamed El-Erian: The IMF is losing influence – and for that it must share the blame As politics turns ever inwards, the Fund must be quicker to admit its mistakes and implement reforms.	Wed, Nov 20, 2019	The Guardian
Edwin M. Truman: The IMF Should Enhance the Role of SDRs to Strengthen the International Monetary System BWC member Edwin M. Truman on the role of the SDR in the international monetary system: "The SDR has proved itself as a crisis instrument." He proposes "regular annual SDR allocations, along with measures to make the SDR more attractive to critics."	Tue, Feb 21, 2023	Peterson Institute for International Economics
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	The Bretton Woods Committee
Lawrence Summers: The left’s embrace of modern monetary theory is a recipe for disaster There is widespread frustration with the performance of the economy. Traditional policy approaches are not delivering hoped-for results.	Tue, Mar 5, 2019	The Washington Post
Nouriel Roubini: The Looming Stagflationary Debt Crisis Years of ultra-loose fiscal and monetary policies have put the global economy on track for a slow-motion train wreck in the coming years. When the crash comes, the stagflation of the 1970s will be combined with the spiraling debt crises of the post-2008 era, leaving major central banks in an impossible position.	Wed, Jun 30, 2021	Project Syndicate
Anthony Elson: 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	The Bretton Woods Committee
John Taylor: The new IMF head should not be dictated by the tired, old, EU order It is not easy to predict where financial stresses that require alleviation by the IMF will emerge next, or what form the mitigation strategies will take. Almost certainly, though, after a period of extremely easy liquidity and associated leveraging in financial markets, the call on IMF advice and resources will be greater than in the past. Its support will have to take new forms. It will also have to sell economic-policy packages to a governing body from an increasingly multipolar world.	Sun, Aug 11, 2019	Financial Times
Barbara Matthews: The Next 75 Years – Coping with Decentralization and Geopolitical Rebalancing The Bretton Woods 75th anniversary coincides with accelerating angst regarding rising populism and growing backlash against multilateralism.	Tue, Mar 5, 2019	Bretton Woods Committee