Member Views

The Elephant in the Room; Preaching or Working on Climate Change

BWC member Miguel Schloss writes "Pursuing... mitigation measures is necessary but insufficient... 'the emphasis must shift from supply to demand... through policy and regulatory enablers and well-skilled workforce, requiring significant investment...'"

Prudential plc

Lastly this week we welcome new member Prudential plc.

Prudential provides life and health insurance and asset management to over eighteen million customers in Asia and Africa.

We appreciate their support for our work and mission, and we look forward to their engagement!

Bloomberg L.P.

This week we also welcome new member Bloomberg L.P.

Bloomberg offers and operates products and services such as Bloomberg News, Bloomberg TV, Bloomberg Businessweek, Bloomberg Professional Services, and many more.

We appreciate their support for our work and mission, and we look forward to their engagement!

Circle

This week we welcome new member Circle.

Circle is a fintech firm that enables businesses to use digital currencies and blockchains for payments and commerce worldwide.

We appreciate their support for our work and mission, and we look forward to their engagement!

Understanding the Growing Use of Local Currencies in Cross-Border Payments

BWC member Hung Tran writes that "bilateral cross-border arrangements do not constitute a threat to the premier position of the USD..." nevertheless they create "substantial costs in terms of lost economic efficiency and risks to financial stability..."

A Bigger BRICS? China Pushes to Expand Bloc

BWC member Hung Tran called alternative currency "'unrealistic' in an interview this week and said there was 'no other currency which really enjoys all the attributes and the convenience and the ease of dealing like the dollar or the euro at the moment.'"

Economist Discusses His New Book and Probes the Future of Money and the Economy

BWC member Paul Sheard: "The only way to bring inflation down... is either to increase supply... the central bank can't control that..." or "to restrain demand, and that's what the higher interest rates are aimed at doing."

"Unfortunately it's painful..."

Prestige Economics President Warns That Oil Prices Will Struggle in the Near Term

BWC member Jason Schenker was recently on BNN Bloomberg saying "China is in a manufacturing recession... and there are debt concerns. A lot of companies are trying to move out of China. It's just a really big risk... in addition to all the demographics."

Less Consumption, Too Much Savings, and a Real Estate Crisis: China's Problems

BWC member Hung Tran was interviewed by El Mercurio recently on the problems with the Chinese economy, saying "There is likely to be a period of slow growth for the foreseeable future until a new growth engine can be fully developed."

The Global Order's Triple Policy Challenge

BWC co-chairs William Rhodes and John Lipsky write for Project Syndicate that BWC's Sovereign Debt Working Group's analysis "suggests that contractual standards, market-based initiatives, and national legislation could all improve global debt management."