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.”

Debt Crisis will Delay Global Recovery

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

DeAnne Julius

Another new member at BWC: DeAnne Julius, Chatham House. DeAnne is a senior adviser to Chatham House and a distinguished fellow in its Global Economy and Finance programme.

She is a former member of the Temasek International Panel (Singapore) and the International Advisory Council of the China Investment Corporation (Beijing).

Dan Alpert on Current Trends and Tensions in the US Economy

Dan Alpert is an investment banker and a founding Managing Partner of Westwood Capital. He also regularly writes and speaks on big macro-structural issues. Dan joins David Beckworth on Macro Musings to discuss recent macroeconomic events.

Crypto Regulation: From Crisis to Opportunity

In 2022 the global financial markets were rattled by a series of adverse developments in the crypto segment, which culminated in the FTX meltdown and the multiple ripple effects the markets are likely to continue to grapple with in the course of this year. The implications of the crypto debacle, while clearly negative in the near term, also concern the longer-term trajectories of market development and regulation.

Crypto Is Worth Fixing. Regulators Should Get Moving

"To maintain their credibility, and to derive the greatest benefit from blockchain technology, regulators should intervene and crack down on scams, protect investors, and ensure market integrity," Bloomberg Opinion columnist and BWC Board of Directors Chair William C. Dudley commented.

Crypto Advocates Should Be Begging for Regulation

Digital finance is booming, with the value of cryptocurrencies outstanding reaching more than $2 trillion from almost nothing a decade ago – almost entirely without regulatory oversight to protect investors and the broader financial system. This is not likely to end well, unless officials intervene in a thoughtful way.

Crown Agents Bank

BWC’s newest organizational member is Crown Agents Bank. Crown Agents connects emerging and frontier markets to the rest of the world, using FX and payments technology.

They transform the way payments and FX move through emerging markets, reducing friction so more money gets to those who need it. Their solutions help fix the pain points of usually challenging, expensive, unreliable, and opaque emerging markets payments. They connect hard-to-reach regions to global financial infrastructure, giving access to the best prices and the fastest, most reliable settlement.

Covid-19: What should Uncle Sam do?

Dr. Coats (Ph.D. U of Chicago) retired from the IMF in 2003 as Assistant Director of Monetary and Exchange Department having joined the institution in 1975. This blog is part of a special series on the coronavirus.

Covid-19 Will Only Increase Automation Anxiety

Historically, depressions have inflamed automation anxiety. Wars, in contrast, often end them. In the US, the machinery debates of the 1920s and 30s began with labour secretary James J. Davis’s famous 1927 speech.