Tuesday, 8 July 2014
"[A]mid considerable tumult, the conference aimed to create a stable international monetary framework that could serve as a cornerstone of a peaceful global order. And it succeeded – at least for a while," write CIGI's Harold James and Domenico Lombardi, commenting on the 70th anniversary of the Bretton Woods conference.
Wednesday, 2 July 2014
Dr. Heather Smith, Deputy Secretary, G20 Sherpa in Australia’s Department of the Prime Minister and Cabinet, delivered a keynote address on the challenges Australia faces in chairing the G20 during a period of post-crisis consolidation. Dr. Smith spoke on how the Australian presidency of the G20 is working with members to promote growth, build resilience in the global economy and build a durable international order to underpin global prosperity in the twenty-first century. The 2014 G20 leaders’ summit will be November 15-16, 2014, in Brisbane, Australia.
Monday, 30 June 2014
"Left to its own devices, the rest of the world has to self-insure against sudden droughts of liquidity by accumulating vast foreign exchange reserves and building competing regional arrangements," write CIGI researchers Kevin English and Brett House, commenting on the new web of currency-swap lines between the world’s major central banks.
Wednesday, 25 June 2014
"Overall, the Greek experience shows that an orderly restructuring is possible in a currency union, but that firewalls and supportive crisis management institutions are necessary for it to take place smoothly, without major contagion effects," writes CIGI Senior Fellow Miranda Xafa,
Thursday, 19 June 2014
"A more satisfactory and effective way to adjust relative competitiveness is to improve productivity by implementing growth-enhancing structural reforms," write Director of CIGI Global Economy Program Domenico Lombardi and CIGI Research Associate Samantha St. Amand, in their analysis of the impact of low inflation on debt dynamics and the adjustment of real unit labour costs in the eurozone countries under stress (Greece, Italy, Portugal, and Spain).
CIGI commissions New Rules for Global Finance Coalition to initiate global consultations on sovereign debt restructuring
Monday, 16 June 2014
CIGI) will task the New Rules for Global Finance Coalition (New Rules) with leading collective consultations with global civil society on sovereign debt restructuring.
Friday, 13 June 2014
An earlier post, here, discussed the current situation in the Eurozone and the 1930s-like economic malaise that is contributing to a polarization of politics. Across the Atlantic, meanwhile, at the core of the global economy, the economic outlook is improving but there is no denying that fiscal tightening (through sequestration) led to a much slower pace of growth in 2013 than would otherwise have been the case. Here, too, there are troubling similarities to the 1930s, when premature fiscal tightening in 1937 pushed unemployment back to 20 per cent.
Thursday, 12 June 2014
CIGI is pleased to welcome CIGI Visiting Scholar Qiyuan Xu, for research on the internationalization of China’s currency, the renminbi (RMB).
Thursday, 12 June 2014
A new report from the CIGI concludes that fears of contagion generated by the 2012 Greek debt exchange were exaggerated and that the country’s debt restructuring could have taken place sooner without undermining stability.
Wednesday, 11 June 2014
Guest blogger CIGI Research Associate Kevin English chronicles CIGI's panel at the 2014 Canadian Economics Association's annual conference.