Member Views

IMF Shifts Approach to Low Income Countries and Special Drawing Rights

Fanfare exceeds reality

Before its summer recess, the International Monetary Fund board tackled two key operational issues – future concessional support for low income countries and ‘channelling’ special drawing rights.

Sooner or Later, Climate Change Is Coming for Your Wallet

Last week Gary Gensler, the chair of the Securities and Exchange Commission, made what seemed like an uncontroversial statement: “I think we can bring greater clarity to climate risk disclosures.”

CBDC-50 Years After the End of Bretton Woods

50 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.

Fuzzynomics and 12 Other Attempts to Name Our New Era

In hindsight, our new economic era probably began in 2008, when a handful of bankers — and the policymakers who write the rules — broke the system.

Now and Later: The Urgent Need for Smart Finance and Clear Governance on Pandemic Threats

Eighteen months into the worst pandemic in a century, we still don’t have a credible, fully financed, time bound battle plan to bring this suffering to an end.

Innovation-Based Economic Security

To benefit from today’s globalized research and development, the United States needs to make science and technology policies an integral part of economic security.

Visualizing the Debt Service Drag on Developing Country Governments

The G7 countries pledged a massive scale-up in support of developing-country financing at their recent summit in the UK.

ECB Strategy Review: A Tweak, a Leap, and a Missed Opportunity

The European Central Bank has released the results of its 18-month monetary policy strategy review.

Designing Institutional Collaboration into Global Governance

Global governance is largely, albeit not exclusively, a matter of collaboration among international institutions.

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.