Member Views

Virtual Cash Will Survive the Crypto Winter

The Bretton Woods Committee is proud to Member Spotlight BWC Chair William C. Dudley who recently authored a Bloomberg article on the capacity of CBDCs to make the financial system more useful to greater numbers of people and the need for international standard-setting.

“I believe they [CBDCs] still have ample potential to fulfil the promise of a more efficient and inclusive financial world. But their impact will likely be more evolutionary than revolutionary. CBDCs are coming, because they represent a big upgrade over money as we know it," said Dudley.

AI Could Breathe New Life Into Core Systems

The new kid on the block, AI, meets the original gangster, COBOL. Is it magic or is it a miss? COBOL, the Common Business-Oriented Language, is still very much an integral part of how data is stored and used by some of the institutions we trust deeply such as banks, insurers, healthcare providers, and governments. One would think that moving away from COBOL in our hyper connected and technologically advanced world would be easy.

Global platforms to tackle global environmental challenges

One of the key themes in the COP28 conference in Dubai held this year is the creation of new mechanisms and platforms for financing environmental projects to counter climate change. Thus far it has mostly been about ad hoc efforts of countries to produce additional funds and contributions to the environmental cause.

Biden’s Myopic Supply Chain Resilience Initiative

The Bretton Woods Committee is proud to Member Spotlight Harry Broadman who recently authored a Forbes article discussing Biden's Supply Chain Resilience initiative and it's implications for U.S. economic growth, national security, and sustainability.

Financialization has increased economic fragility

The Bretton Woods Committee is pleased to Member Spotlight Hung Tran and his recent article in the Atlantic Council titled "Financialization has increased economic fragility."

According to the article - "Since the 1980s, financial activities and assets have played an increasingly dominant role in the global economy. At the same time, underlying economic activity as measured by global GDP has been growing more slowly. The result has been an ever-larger gap between the volume and value of financial activity relative to the real economy."

Germany’s debt brake isn’t working

The Bretton Woods Committee is pleased to Member Spotlight Hung Tran and his recent article in the Atlantic Council titled "Germany's debt break isn't working."

According to the article - "Germany’s coalition government was dealt a fiscal crisis when the country’s Constitutional Court in Karlsruhe ruled on November 15 that repurposing €60 billion of unspent money from the pandemic emergency support facility to the Climate and Transformation Fund (CTF) was unconstitutional."

What attacks in the Red Sea could mean for the global economy

The Bretton Woods Committee is pleased to Member Spotlight Hung Tran and his recent article in the Atlantic Council titled "What attacks in the Red Sea could mean for the global economy." 

Prestige Economics' Schenker on FX, Commodities

The Bretton Woods Committee is pleased to Member Spotlight Jason Schenker, President at Prestige Economics, as he discusses his outlook for the FX and commodity markets with Haidi Stroud-Watts on "Daybreak Australia".

International Economic Leadership is Vital for US National Security

The Bretton Woods Committee is pleased to Member Spotlight Mark Sobel and his recent article with OMFIF titled "International Economic Leadership is Vital for US National Security."

According to the article - "The US thinks of itself as the defender of the rules-based international order. On the security front, President Joe Biden’s administration has performed extraordinarily, leading the G7, Nato and close allies in a united response to Russia and other ‘western’ challenges, including through strong multilateral sanctions."

TEDx Talks: Why We Need More Conflict of the Constructive Kind

The Bretton Woods Committee is pleased to Member Spotlight Lutfey Siddiqi and his recent TEDx talk on the importance of constructive conflict by emphasizing the need for intentional efforts to act as bridge-builders and help resolve differences.