Member Views | The Bretton Woods Committee

Title	Article date	Article source
William Rhodes and Stuart Mackintosh: Does the G20 Have a Future? Just when the world desperately needs more international cooperation to address common problems, the principal mechanism for coordinating such efforts is all but defunct. Its decline is both a harbinger and a cause of the global turmoil that awaits.	Mon, Jun 13, 2022	Project Syndicate
Harry G. Broadman: Germany’s Chaired G7 Summit Is A Watershed Opportunity For Leading Democracies To Capitalize On Teetering Authoritarian Economies When German Chancellor Olaf Scholz convenes the 48th summit of the other leaders of the G7 nations on the grounds of Schloss Elmau castle in the Bavarian Alps late next month, the political economy environment in which the globe’s leading industrialized democracies find themselves is startling different from the previous G7 summit, chaired by the U.K. just 12 months ago.	Tue, May 31, 2022	Forbes
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	The Bretton Woods Committee
William Rhodes and Stuart Mackintosh: Op-ed: The four big threats to China’s economy We should all care what happens in China, because it will affect us all. Economic dangers and Chinese President Xi Jinping’s responses to them will affect China first and foremost — but trouble in China could spell trouble everywhere this year and next. The world is rightly focused on the atrocities being committed by Russia in Ukraine, and China’s choice to stand with Russia is straining globalization’s links. But China’s economic challenges go beyond the war. Threats to China’s outlook are rising in four distinct but overlapping areas: at home, in health, in debt, and in a fracturing globe.	Wed, Apr 27, 2022	CNBC
Bill Dudley: 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.	Tue, Apr 26, 2022	Bloomberg \| Opinion
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 Bretton Woods Committee
Warren Coats: 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	https://wcoats.blog/
Jason Schenker, John Lewis Gaddis, Angela Stent, Alan Gin: The second Cold War is already beginning, experts say, and many of the battles are being fought with economic weapons Just 60 years ago, the U.S. and the Soviet Union were at the height of a Cold War that nearly resulted in nuclear warfare. Today, experts say, the U.S. and its old foe, now Russia, are headed into another one. But it won't be the same.	Fri, Mar 25, 2022	CNBC
William Rhodes and John Lipsky: Act now to prevent a new sovereign debt crisis in the developing world Since late February, the world’s attention has been focused on Russia’s brutal invasion of Ukraine. However, some of the most damaging economic and financial impacts of this act of aggression will be felt by non oil-exporting developing economies in Africa, Asia and Latin America.	Wed, Mar 23, 2022	Financial Times
William Rhodes and Stuart Macintosh: Future of Finance: The Power of Central Banks This episode covers the power and influence of central banks, both on the Economy, as well as, on foreign policy. This includes the concerted action by the global financial markets to put pressure on Russia over its attack on Ukraine, and the role and options that central banks have to enforce peace.	Fri, Mar 18, 2022	European American Chamber of Commerce