Member Views

The gap between the real and financial sides of the economy

In Q1 of 2024, positive climate on financial markets consolidated due to prospects for recalibration of monetary policy across the world’s main economies. This euphoria was induced by recent developments relating to the Artificial Intelligence Revolution and the financial performance of listed companies. According to figures recently released by the Bureau of Economic Analysis, profits of the companies in the US economy grew by 8.6% YoY in Q4 of 2023, the strongest pace since Q1 of 2022.

In Conversation: Prof Lutfey Siddiqi on Banking and Capital Markets

The Bretton Woods Committee is please to Member Spotlight the video interview 'In Conversation: Prof Lutfey Siddiqi on Banking and Capital Markets' in which Siddiqi provides valuable insights into the intricate relationship between risks and the ongoing global transformations.

Simplicity is the key to closing the climate finance gap

The Bretton Woods Committee is pleased to spotlight a recent piece from Creon Butler, BWC Climate and Energy Transition Finance co-chair. The piece highlights the size of the current climate finance gap and finds an answer in a more streamlined and "simplified" model. 

Institutions for Policy Coordination in the Global South

Developing countries that identify themselves as parts of the Global South (GS) face a difficult task in making their collective influence felt in international affairs. They can achieve this goal only if they succeed in developing institutions to coordinate their policies efficiently around agreed agendas, in order to be in a position to negotiate more effectively with developed countries to reform the current international political and economic system.

Lizabeth Bronder

This week we welcome new member Lizabeth Bronder, managing director at Bank of America.

Her expertise is in multilateral development and impact and sustainable investing in emerging markets.

We appreciate her support for our work and look forward to her engagement!

The yen’s travails in an era of geopolitical rivalry

BWC member, Hung Tran, writes about the pressure that the yen, and other currencies, feel during a time of dollar strength and in the current geopolitical context. 

The Fed’s quantitative easing program cost too much

BWC chair William C. Dudley writes for Bloomberg Opinion that "officials should evaluate the quantitative easing program" as part of next year's review.

"The aim should be to learn from past mistakes... focusing not only on the benefits, but also on the costs."

AI bots could be coming for the central bank's reaction function

BWC member Paul Sheard interviewed by Vasant Dhar argues that "monetary policy-making seems tailor-made" for eventual AI automation: clear policy goals, tools to achieve them, models of the economy and how decisions help achieve the goal, and past data.