Member Views

How the ECB can tackle fragmentation in the eurozone

The European Central Bank is faced with a dilemma. It needs to tighten monetary policy in order to rein in unexpectedly high inflation and at the same time prevent fragmentation of financial markets across the eurozone.

This article requires a Financial Times subscription.

Fed's Forecasts 'Remarkably Optimistic': William Dudley

Former Federal Reserve Bank of New York President Bill Dudley, a Bloomberg Opinion contributor, says the Federal Reserve's forecasts are "becoming more realistic but they are still unrealistic." He speaks on Bloomberg Television following the decision by the Fed's policy-setting Federal Open Market Committee to raise rates by 75 basis points, the biggest increase since 1994. Dudley's opinions are his own. (Source: Bloomberg)

Germany’s Chaired G7 Summit Is A Watershed Opportunity For Leading Democracies To Capitalize On Teetering Authoritarian Economies

When German Chancellor Olaf Scholz convenes the 48th summit of the other leaders of the G7 nations on the grounds of Schloss Elmau castle in the Bavarian Alps late next month, the political economy environment in which the globe’s leading industrialized democracies find themselves is startling different from the previous G7 summit, chaired by the U.K. just 12 months ago.

Does the G20 Have a Future?

Just when the world desperately needs more international cooperation to address common problems, the principal mechanism for coordinating such efforts is all but defunct. Its decline is both a harbinger and a cause of the global turmoil that awaits.

Climate: IMF conditionality could increase the speed and efficiency of climate financing

Last year, the members of the International Monetary Fund (IMF) approved an allocation of special drawing rights (SDRs) of USD 650 billion, the largest allocation in the history of the IMF. Since then, a new financing instrument at the IMF is being discussed, largely financed by these new SDRs.

Op-ed: The four big threats to China’s economy

We should all care what happens in China, because it will affect us all. Economic dangers and Chinese President Xi Jinping’s responses to them will affect China first and foremost — but trouble in China could spell trouble everywhere this year and next. The world is rightly focused on the atrocities being committed by Russia in Ukraine, and China’s choice to stand with Russia is straining globalization’s links. But China’s economic challenges go beyond the war. Threats to China’s outlook are rising in four distinct but overlapping areas: at home, in health, in debt, and in a fracturing globe.

Crypto Advocates Should Be Begging for Regulation

Digital finance is booming, with the value of cryptocurrencies outstanding reaching more than $2 trillion from almost nothing a decade ago – almost entirely without regulatory oversight to protect investors and the broader financial system. This is not likely to end well, unless officials intervene in a thoughtful way.

Answering Yellen’s Call for a Shake Up of the International Economic System

In these times of information overload it is easy to overlook groundbreaking news.  In the midst of the G7 walk out of the G20 meetings and subsequent inability of the International Monetary Fund to issue a communique at its annual meetings during a period of unprecedented economic uncertainty, US Treasury Secretary called for a fundamental reform of the international financial architecture.  This is a major event for US policy, which is at the epicenter of the problem and the solution.

Future of Finance: The Power of Central Banks

This episode covers the power and influence of central banks, both on the Economy, as well as, on foreign policy. This includes the concerted action by the global financial markets to put pressure on Russia over its attack on Ukraine, and the role and options that central banks have to enforce peace.

The second Cold War is already beginning, experts say, and many of the battles are being fought with economic weapons

Just 60 years ago, the U.S. and the Soviet Union were at the height of a Cold War that nearly resulted in nuclear warfare. Today, experts say, the U.S. and its old foe, now Russia, are headed into another one. But it won't be the same.