Member Views

China Borrows a Lot of Money from the World Bank, and That’s Okay

As the World Bank makes a case to its shareholders for a capital increase this year, they are grappling with an uncomfortable truth: one of their biggest borrowers, China, happens to hold the world’s largest foreign exchange reserves...

China and India Are at Odds Over BRICS Expansion

BWC member Hung Tran writes that BRICS "has revealed its internal divisions" as the rivalry between China and the US has grown.

"India has tried to resist China’s efforts to turn the... group into a support organization for China’s geopolitical agenda".

Chief Economist's Note: COVID-19 Could Herald a New Era of European Divergence

A resurgence in COVID-19 infections has led to additional measures being announced across Europe in the past two weeks to contain the pandemic.

CFA Institute

This week we also welcome new member CFA Institute.

They provide and aim to promote standards in finance education and ethics in the investment services industry.

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

Central Banks Cancelling Government Debt Is No Panacea

Recently, more than a hundred European economists, including such luminaries as Thomas Piketty, called for the European Central Bank to write off a chunk of government debt that it holds.

Central Bankers Must Keep Financial Stability in Mind as They Fight Inflation

BWC member Hung Tran: "central banks should be more transparent in explaining how they take into consideration the impacts of excessive risk taking as well as banking and financial crises when formulating monetary policies—both during the easing and tightening phases."

Central Bank Digital Currencies: Reordering International Monetary Relations

Financial technology seems set to have a major impact on monetary relations.

CBDCs will further fragment the global economy—and could threaten the dollar

The Bretton Woods Committee is pleased to Member Spotlight Hung Tran and his recent article titled "CBDCs will further fragment the global economy—and could threaten the dollar" 

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.

Caxton Associates

This Member Monday we welcome new organizational member, Caxton Associates.

Caxton is a global macro hedge fund that utilizes a blend of rigorous market analysis, macroeconomics, politics plus policy, and company assessments to craft portfolios achieving a balance between exceptional returns and resilience.

We appreciate their commitment and support, and we look forward to their engagement with The Bretton Woods Committee.