Member Views

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" 

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.

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.

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.

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.

Multilateral Development Banks Need to Play a Bigger Role in Closing the Climate Finance Gap

Read the Climate and Energy Transition Finance Team's Latest Brief Here.

How a new climate accelerator in the World Bank can help

Hierarchy and Differentiation in International Regime Complexes: A Theoretical Framework for Comparative Research

The landscape of global governance is increasingly crowded. In nearly every major policy domain, multilateral cooperation occurs within clusters of nested and overlapping international institutions. A growing body of research examines these ‘international regime complexes,’ establishing institutional density as a defining feature of contemporary global governance. Issue areas as diverse as trade, climate change, education and crisis finance have experienced a crowding of governance institutions over time.

How the IMF can navigate great power rivalry

BWC member Hung Tran recently published an issue brief with the Atlantic Council titled How the IMF can navigate great power rivalry. The work addresses how power competition has raised mistrust and undermined cooperation as well as explores how policies to promote de-risking have deviated from the IMF template and how systems are coping with the consequences of fragmentation.

The convergence of AI and digital assets: A new dawn for financial infrastructure

The financial landscape has been in a constant state of evolution. From stock ticker machines to algorithmic trading systems, innovation has always been at the core of finance. Yet, among these transformative changes, the confluence of artificial intelligence (AI) and digital assets like cryptocurrencies, central bank digital currencies (CBDCs), and tokenized assets has the potential to be the most disruptive change to finance in decades. This post aims to explore this intersection, focusing on how AI and digital assets are reshaping financial services and infrastructure.

Bryan Zhang

This week we welcome new member Bryan Zhang, Co-Founder and Executive Director at Cambridge Centre for Alternative Finance. 

Bryan is a highly experienced co-founder, director, board-level advisor and independent chair with a global track record and expertise in technology-enabled financial and regulatory innovation.

We appreciate his support for our work and mission, and we look forward to his engagement!