Member Views

Avoiding the pain of China’s housing crisis risks infecting the wider economy

o The growing housing crisis threatens to spread like previous financial contagions and damage economies across the globe
o Policymakers need to let poor performers suffer the consequences of bad bets while looking after solvent banks and enacting land and property reforms

Xi Should Use His Sway Over Putin to Push Him to the Negotiating Table with Ukraine

BWC vice-chair William R. Rhodes writes in the South China Morning Post that Xi Jinping should "use his influence with Putin to push him to the negotiating table... after Ukraine’s counteroffensive."

China needs to change its "platitudes into a workable deal".

Decline of globalisation will make our planet less prosperous and more unliveable

o The unfolding trade, tech and cold wars between the US, China and their allies risk eroding the international rules-based architecture
o Without a system for connection and exchange, economies will shrink, cooperation will wither and global crises will mount

How China Can Learn from Mistakes in US Oversight

BWC vice-chair William Rhodes argues that "regulatory oversight of regionally significant firms is maintained, not weakened" and that "we should remember the late Paul Volcker’s maxim that a central banker is a supervisor, not a bankers’ friend."

Mapping Carbon Neutrality from Words to Deeds

Who would have thought that after 30 years since the UN Convention on Climate Change, the gap between the agreed goals, and delivery on them remains so wide, and that consequently global warming continues unabated?

The Empire and the Dollar

In our multicurrency world, the U.S. dollar is widely used for pricing internationally traded goods, for international payments, and for denominating the assets governments and companies hold as reserves. Why is that and what are its implications for U.S. behavior? What would a better system look like?

Biden's 'Breakthrough' Crypto Executive Order

Former Andreessen Horowitz Head of Global Policy Tomicah Tillemann, now taking part in Katie Haun's new crypto firm, joins Emily Chang and Bloomberg's Sonali Basak for a deep dive into U.S. President Joe Biden's crypto executive order and why he thinks it is a "breakthrough moment for democracy." He also shares his views on the role of crypto in the war in Ukraine, and how it is revolutionizing humanitarian aid efforts.

Dan Alpert on Current Trends and Tensions in the US Economy

Dan Alpert is an investment banker and a founding Managing Partner of Westwood Capital. He also regularly writes and speaks on big macro-structural issues. Dan joins David Beckworth on Macro Musings to discuss recent macroeconomic events.

Stemming a Sovereign-Debt Crisis

Rising interest rates and slowing global economic growth likely will spur many low-income countries to try to restructure their sovereign debt. This is troubling because recent restructuring cases have produced extended stalemates between borrowers and lenders rather than resolution.

Global Bridges: Change Flows of People and Trade

The mission of Global Bridges is to go beyond the news and connect listeners from around the world with stories from people who are “on the ground” reporting about economic recovery and global business. Sharing perspectives of life and economic development, as we recover from the global pandemic, enables us to build “global bridges” across countries. We cover topics including public health, economy and work, education, travel, and society.