Member Views

Central Bank Digital Currencies: Reordering International Monetary Relations

Financial technology seems set to have a major impact on monetary relations.

Global Economy in 2023, Outlook for 2024

2023 has recently concluded — leaving behind economic behavior of households and companies that have adapted to the highest nominal financing costs since the early 2000s.  

Asia’s emerging markets hold the keys to sustainable investment

Japan’s newly re-elected prime minister, Shinzo Abe did not mince words in a recent article that led the Financial Times opinion page: Environmental risks are exacerbating. More robust action is needed. “And swiftly.”

It’s tempting for the Fed to move slowly. That would be a grave error.

Lawrence H. Summers, a professor at and past president of Harvard University, was treasury secretary from 1999 to 2001 and an economic adviser to President Barack Obama from 2009 through 2010.

New Emerging Market Contagion Shakes Investor Complacency

Gary Kleiman is a recognized expert in the field of global emerging economies and financial markets. This blog is part of a special series on the coronavirus.

De-dollarization or Re-Dollarization? The Fate of the Dollar in the Internet Age

The U.S. dollar, or greenback, is a ubiquitous, nearly universally accepted global currency. Like
the country that backs it, the dollar is endowed with special superpowers that are equal
measure historical flukes, as they are a byproduct of steady hands, institutional trust, network
effects and, the quiet part, military might. Just as the U.S. mainland is protected by two oceans,
the U.S. dollar is buttressed by both natural and historical advantages. The natural ones are

Developing a Capacity for Candid Reflection

Dr. Abdulhamid Alkhalifa, a Saudi Arabian national, is the Director-General and Chief Executive Officer of OFID - the OPEC Fund for International Development.

A Global Climate Guarantee Company Could Accelerate Private Funding of Climate Projects

The purpose of this article is to make the case for the establishment of a new financial guarantee company (referred to as Global Climate Guarantee Company or “GCGC”) that would facilitate and scale up private sector debt financing of climate and sustainable infrastructure projects globally.

RATIONALE

Bretton Woods—Why the dollar?

The Bretton Woods Conference will celebrate its 80th anniversary this year. The conference can be seen to have formalised the role of the U.S. dollar as the dominant currency in the international monetary system. This remains so to this day as does the considerable controversy it produced.

The Next 75 Years – Coping with Decentralization and Geopolitical Rebalancing

The Bretton Woods 75th anniversary coincides with accelerating angst regarding rising populism and growing backlash against multilateralism.