Member Views

America Is Back: We Need a Trade Agenda That Shows It

America is back on the world stage. That’s the theme President Biden repeatedly hit during his first international trip this month, and throughout his first several months in office.

Mnuchin must not be shortsighted when deciding on IMF funding

Treasury Secretary Mnuchin is testifying Tuesday afternoon on the international financial system. He is expected to present his position on funding for the International Monetary Fund (IMF). 

It's time for an African Woman to Head the International Finance Corporation

The International Finance Corporation (IFC) is an arm of the World Bank Group and is the largest development finance institution devoted to private-sector development in the world.

A rare, nonpartisan good news story in Washington

One of the government’s most important obligations is to protect our national security. Getting the details right for how to do so often leads to debate and disagreement, as it should. Unfortunately, such discussions can devolve into partisan acrimony.

The Fed Needs More Flexibility to Act More Equitably

The Fed must be equipped to handle the threat of deflation caused by widespread catastrophic natural disasters — without exacerbating inequities.

Reducing Chip Supply Risks

In his latest post, BWC member Warren Coats acknowledges that reliance on foreign manufacturing "for our most advanced chips is an economic and security risk" the US should reduce, and he explores which are better and which are worse ways to reduce such risk.

My Travels to Kosovo

BWC member Warren Coats recently published a new book, chronicling the work of the IMF teams he led to revive and transform the monetary system of Kosovo and some of the challenges and adventures they encountered in the process.

You can order it online now.

Whither Libra?

Every other day, it seems, we witness the launch of a new crypto (digital) currency.  Each combines a medium of exchange and a means of payment.

Protecting Bank Deposits

BWC member Warren Coats: "The cost of the Chicago Plan... is the need for banks to fund their credit operations with equity or long-term debt, rather than with potentially volatile deposits. We should move to the Chicago Plan and fully separate money from credit."

A proposal for the Fed’s balance sheet

To save financial institutions from the collapse that threatened them after the bankruptcy of Lehman Brothers in September 2008, the Federal Reserve purchased government securities and Mortgage Backed Securities (MBS) sufficient to increase the size of its asset holdings from $0.9 trillion to $4.5 trillion by the end of 2014.