Domenico Lombardi, Director

Alisha Clancy, Program Manager

Main Content

Addressing limitations in the way nations tackle shared economic challenges, the Global Economy program is a central area of CIGI expertise. It strives to inform and guide policy debates through world-leading research and sustained stakeholder engagement. In undertaking its research, the program leverages its comparative advantage in bridging the gap between economic and political economy analysis.

The research agenda for the Global Economy Program is currently focused on four broad areas:

  1. International financial regulation, particularly the need to strike the appropriate balance between stability and efficiency to ensure the appropriate pricing of risk and the development of effective, efficient international capital markets. Work on international financial regulation governance, especially the role of the Financial Stability Board, will form a key element of CIGI's global economy program going forward.
  2. A framework for the timely, orderly sovereign debt restructuring that preserves the bonding role of debt, creates the right incentives for sound policy making on the part of governments and encourages the efficient pricing of risk by investors.
  3. Possible reforms to the international monetary system to address the growing importance of key emerging market economies in the global economy, questions regarding the role of the U.S. dollar as the key vehicle currency and international reserve asset, and how to promote the international cooperation needed to secure sustained, strong and balanced growth.
  4. The role and reform of the International Monetary Fund (IMF), including strengthening the legitimacy, credibility and effectiveness of the IMF as the key international institution for monetary cooperation.

experts

  • Thomas A. Bernes is a CIGI Distinguished Fellow. After a distinguished career in the Canadian public service and at leading international economic institutions, Tom was CIGI’s executive director from 2009 to 2012. He has held high-level positions at the International Monetary Fund, the World Bank and the Government of Canada. He became a distinguished fellow in 2012.

  • Paul Blustein is a CIGI Senior Fellow. An award-winning journalist and author, he has written extensively about international economics, trade and financial crises. Prior to joining CIGI in 2010, Paul was a staff writer for The Washington Post and The Wall Street Journal, and journalist-in-residence at The Brookings Institution. At CIGI, he is working on a book about the IMF’s role in the euro zone crisis. 

  • James M. Boughton is a CIGI Senior Fellow. He is a former historian of the International Monetary Fund (IMF), a role he held from 1992 to 2012. From 2001 to 2010, he also served as assistant director in the Strategy, Policy, and Review Department at the IMF. At CIGI, James’s research focuses on the evolution of Canada’s role in international governance since the 1940s and the potential for further evolution in the near future.

  • Barry Carin is a CIGI Senior Fellow. He has served in a number of senior official positions in the Government of Canada and played an instrumental role in developing the initial arguments for the G20 and a leader’s level G20. Barry brings institutional knowledge and experience to his research at CIGI on the G20, international development, energy and climate change.

  • Barry Eichengreen is a non-resident CIGI Senior Fellow. He is the George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley, where he has taught since 1987. He is also a research associate of the National Bureau of Economic Research (Cambridge, Massachusetts). At CIGI, his research will focus on the internationalization of the renminbi.

  • Richard Gitlin is a CIGI Senior Fellow. An international bankruptcy lawyer, he played a leading role in the development of practices and procedures for successfully resolving complex global restructuring and insolvency cases. He has helped many countries improve their bankruptcy laws, including Canada, Republic of Korea, Indonesia and Mexico.

  • Patricia Goff is a CIGI Senior Fellow. She is also director of the PhD Program in Global Governance at the Balsillie School of International Affairs and associate professor of political science at Wilfrid Laurier University. She specializes in international political economy, with a particular interest in trade, intellectual property, and the cultural capacity of international organizations. At CIGI, Patricia’s research will focus on global, plurilateral and regional trade arrangements.

  • Xingqiang (“Alex”) He is a CIGI Visiting Scholar. He is a research fellow and associate professor at the Institute of American Studies at the Chinese Academy of Social Sciences(CASS). His academic interests focus on domestic politics, with an emphasis on interest group politics in the U.S., China-U.S relations. He also studies interest groups in China and their roles in China's foreign economic policy making, China and the G20, China and global economic governance.

  • Brett House is a CIGI Senior Fellow. Additionally, he is a lecturer in the Economics Department and a Senior Fellow at the Jeanne Sauvé Foundation at McGill University. His research looks at the effects of trade liberalization on growth, the rise of emerging markets, and options to improve sovereign debt restructuring. He is also an advisor to and partner in Tau+ Investment Management, a start-up impact fund.

  • Harold James is a CIGI Senior Fellow. He is Professor of History and International Affairs and the Claude and Lore Kelly Professor of European Studies at Princeton University.

  • Paul Jenkins is a CIGI Distinguished Fellow. He provides strategic advice to the Global Economy program, including activities related to CIGI’s partnership with the Institute for New Economic Thinking (INET) and broader macroeconomic issues. His own research focuses on international policy coordination and financial stability, with a particular interest in the G20. From 2003 to 2010, he served as senior deputy governor of the Bank of Canada.

  • Hailong Jin is a research consultant with the Global Economy project on the internationalization of the renminbi. Hailong is investigating the impacts of currency internationalization on China’s domestic economy and global financial stability, using a series of equations to reveal its evolving institutional features.

  • David Kempthorne is a Research Fellow in CIGI's Global Economy program. His research focuses on financial regulatory reforms and the international financial regulatory institutions involved in this process, with an emphasis on the Financial Stability Board.

  • Malcolm D. Knight is a CIGI Distinguished Fellow. He is also visiting professor of finance at the London School of Economics and Political Science, a trustee of the International Valuation Standards Council and a director of the Global Risk Institute in Financial Services. At CIGI, Dr. Knight’s research will focus on the governance-related aspects of international financial regulation, standard-setting, and international financial institutions.

  • Domenico Lombardi is director of CIGI's Global Economy program, overseeing the research direction and related activities. He has extensive international experience in the governance and agenda setting of public policy organizations. He is a member of the Financial Times Forum of Economists and editor of the World Economics Journal. Formerly, he was a senior scholar at the Brookings institution and an executive board member of the International Monetary Fund and the World Bank.

  • Bessma Momani is a CIGI Senior Fellow. She has a Ph.D. in political science with a focus on international political economy and is an associate professor at the Balsillie School of International Affairs and the University of Waterloo. She has been a visiting scholar at Georgetown University’s Mortara Center and at the Amman Institute, a research centre to improve local governance in the Middle East.

  • Manuela Moschella is a CIGI Senior Fellow. Her research expertise focuses on international financial governance and regulation. She is the author of Governing Risk: The IMF and Global Financial Stability (Palgrave MacMillan 2010) and co-editor of Great Expectations, Slow Transformations: Incremental change in post-crisis regulation (ECPR Press 2013). At CIGI, Manuela conducts research on unconventional monetary policies.

  • David Runnalls is a distinguished fellow and was formerly acting director of the Environment and Energy Program at CIGI. He also provided strategic advice and support for CIGI Chair Jim Balsillie’s role at the United Nations High-level Panel on Global Sustainability. He remains a distinguished fellow at the International Institute for Sustainable Development and a senior fellow at Sustainable Prosperity. David is chair of the International Centre for Trade and Sustainable Development.

  • Susan Schadler is a CIGI Senior Fellow. She is a former deputy director of the International Monetary Fund’s European Department, where she led surveillance and lending operations to several countries and managed a number of research teams working on European issues. Her current research interests include the sovereign debt crisis, global capital flows, global financial institutions and growth models for emerging market economies.

  • Pierre Siklos is a CIGI Senior Fellow. His research interests include applied time series analysis and monetary policy, with a focus on inflation and financial markets. Pierre is the director of the Viessmann European Research Centre at Wilfrid Laurier University, a research associate at Australian National University’s Centre for Macroeconomic Analysis and a senior fellow at the Rimini Centre for Economic Analysis.

  • Jason Thistlethwaite is a CIGI Fellow. He is a postdoctoral researcher at the School of Political Studies at the University of Ottawa, and director of the Climate Change Adaptation Project: Canada, at the University of Waterloo. At CIGI, Jason’s research focuses on the implications of the new environmental and climate change risks disclosure regime on the financial sector, and on recommendations to align policy and industry’s resources for an effective approach to mitigate climate change.

  • Hongying Wang is a CIGI Senior Fellow. She is also associate professor of political science at the University of Waterloo, specializing in international political economy and East Asian politics. At CIGI, Hongying is focusing on the limits of the exchange rate mechanism in addressing China’s role in global imbalances and China’s role in several areas of global economic governance.

  • John Whalley is a CIGI Distinguished Fellow. His research interests include G20 issues, globalization, Chinese policy issues and climate change negotiations. In addition to his work at CIGI, John is a fellow of the Royal Society of Canada and the Econometric Society, and co-director of the Centre for International Economic Relations at the University of Western Ontario. He is also a foreign fellow of the Russian Academy of Natural Sciences.

  • Miranda Xafa is a CIGI Senior Fellow. She is also chief executive officer of E.F. Consulting, an Athens-based advisory firm focusing on euro zone economic and financial issues. At CIGI, Miranda focuses on sovereign debt crises and drawing lessons from the Greek debt restructuring for future debt crises. From 2004 to 2009, she served as a member of the Executive Board of the International Monetary Fund in Washington.