Member Views | The Bretton Woods Committee

Title	Article date	Article source
Paul Sheard: 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.	Sat, Feb 20, 2021	Bloomberg Opinion - Quint
Yael Selfin: 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.	Wed, Oct 21, 2020	KPMG
Scott Morris: 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...	Wed, Jan 31, 2018	Center for Global Development
William R. Rhodes: China Doing Less than it Should on Debt Reconstructuring Bill Rhodes, former Chairman of Citibank and President and CEO of William Rhodes Global Advisors, shares his perspective on the G20, China's economy, and how Biden can restore U.S. leadership.	Mon, Nov 23, 2020	Bloomberg
Danny Leipziger: China Has a Unique Opportunity to Take the Lead on Emerging Market Indebtedness The current state of the global economy and the outlook for the next few years do not bode well for Emerging Market and Developing Economies (EMDEs). Many countries were overly indebted before the pandemic and additional borrowing, one of the few options available to them, will push many into the terrain of unsustainable debt. China’s joining the Debt Service Suspension Initiative of the G-20 is commendable; however, this action only deals with official debt held by poorer EMDEs.	Fri, Jan 15, 2021	The Bretton Woods Committee
Kevin Gallagher: China must calibrate overseas lending towards Paris climate goals With the demise of US leadership on climate change, China enters this week’s Conference of the Parties to the Paris climate agreement poised to take the mantle as the world’s leader on energy and climate change.	Thu, Dec 13, 2018	Financial Times
Helen Qiao: China Would Be Able to Double Its GDP by 2035, Says Bank of America China has stood out as one of the fastest-growing economies amid the Covid-19 pandemic, says Helen Qiao of Bank of America in an interview with CNBC’s “Street Signs Asia.”	Fri, Feb 26, 2021	CNBC
Lourdes Casanova: China's Reforms Move May Just Be Bargaining Chip for US Negotiators China is coherent with their plan to be an open economy and its belief in the power of globalization.	Fri, Jul 5, 2019	Voice of America
BWC Vice Chair William Rhodes and G30 Executive Director Stuart P.M. Mackintosh: China's Self-Destructive Tech Takedown China’s leaders think that they can crack down on the country’s private technology sector and still deliver material progress as state-owned companies take over. But by reversing the policies that enabled decades of rapid growth, they risk imperiling the unique economic model they seek to sustain.	Tue, Oct 12, 2021	Bretton Woods Committee
William Rhodes: China’s impending Minsky moment Two years ago, Zhou Xiaochuan, then China’s central bank governor, told a press conference at the 19th Communist party Congress in Beijing that too many procyclical factors in the economy and excessive optimism risked generating “accumulating contradictions that could lead to the so-called Minsky moment”.	Sun, Dec 29, 2019	Financial Times