Member Views

The Enrico Letta Report and the state of the EU’s Capital Market Union

BWC member Hung Tran writes for the Atlantic Council that "the Letta report has focused attention to the need to complete and upgrade the Capital Market Union... to help the EU improve its economic performance in an era of geopolitical rivalry."

Hari Hariharan

This week we welcome new member Hari Hariharan, chairman and CEO of NWI Management.

Hari also joins our Advisory Council and our Distinguished Giving Society.

We appreciate his significant support for our work, and we look forward to his engagement and guidance!

Balyasny Asset Management

This week we also welcome new member Balyasny Asset Management.

The firm has over $19.5 billion in assets under management, and they have over 1,100 employees, including over 470 investment professionals.

We appreciate their support for our work, and we look forward to their engagement!

Fred Hu

Lastly this week we welcome new member Fred Hu, founder, chairman, and CEO of Primavera Capital Group.

He oversees the firm’s overall strategy, talent development, and culture.

We appreciate his support for our work, and we look forward to his engagement!

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.

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. 

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!

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.

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.