Rodrigo Garcia

Deputy Treasurer, Chief Investment Officer & Chief Financial Officer, Illinois State Treasury

Millennium Leadership Program

Julie Chon

Nonresident Senior Fellow, Global Business & Economics Program

Global Business & Economics Program

Antonio de Lecea

Nonresident Senior Fellow, Global Business & Economics Program

Global Business & Economics Program


Wed, Jul 1, 2020

Ukraine’s central bank chief resigns leaving Zelenskyy’s reform credentials in tatters

Ukraine’s reform agenda suffered a serious blow on July 1 when Yakiv Smolii, the highly respected governor of the National Bank of Ukraine (NBU), resigned due to what he called “systematic political pressure.”

UkraineAlert by Anders Åslund

Financial Regulation Macroeconomics

Tue, Jun 16, 2020

The rise of Central Bank digital currencies

What exactly is a Central Bank Digital Currency (CBDC) and how is it different than your credit card?

EconoGraphics by Global Business and Economics Program and Belfer Center for Science and International Affairs

Digital Policy Economic Sanctions
gtc photo of currencies in jars

Mon, May 25, 2020

Going deeper: Central Bank Digital Currencies and how best to design them to benefit everyone

On May 19, 2020 - Lisa Pollina, Gabriel Abed, George Bachiashvili, Shane Glynn, Aditi Kuma shared perspectives on "The digital dollar: Do we need it and how do we build it?" as part of a live video discussion moderated by Michael Greenwald. The discussion focused what exactly is a digital dollar? How would it work, how could it best be designed, and who would manage it?

Event Recap

Cybersecurity Digital Policy

Wed, May 13, 2020

Ukraine approves crucial anti-oligarch banking law

Ukrainian MPs have adopted legislation to prevent former owners regaining banks nationalized during recent reforms. The move is a blow to Ukrainian oligarch Ihor Kolomoiskiy and paves the way for a new IMF program.

UkraineAlert by Anders Åslund

Corruption Economy & Business

Wed, May 13, 2020

Revamped Libra takes further steps to gain credibility

In hiring Stuart Levey, Facebook has exhibited a doubling down on their desire to create a digital currency that will be recognized and used by governments around the world.

New Atlanticist by Michael Greenwald

Financial Regulation Macroeconomics

Mon, May 4, 2020

Critical ruling for European Central Bank to turn spotlight back to policymakers

So far, the ECB has committed to asset purchases roughly in accordance with each member state’s contribution to the European economy. This has led to market speculation that suggests the German court will add that as a restriction on the Bundesbank’s participation, though there is no precedent for such a restriction in prior rulings.

New Atlanticist by Bart Oosterveld

Coronavirus European Union

Mon, Apr 20, 2020

Coronavirus will worsen India’s non-performing loan problem

The unwelcome arrival of the novel coronavirus (COVID-19) pandemic and the accompanying national lockdown is very likely to bring on a fresh wave of non-performing loans as banks resort to credit contraction to preserve capital for future losses.

New Atlanticist by Ketki Bhagwati

Coronavirus Financial Regulation

Thu, Apr 2, 2020

The United States’ stealth diplomat: The Federal Reserve

In stepping forward to calm US financial markets, reactivate swap lines, and create the new foreign repo facility, the Fed has helped backstop the global economy. One may argue whether the United States is still the indispensable nation. What is clear is that, in a crisis, the Federal Reserve is the indispensable central bank.

New Atlanticist by Robert Dohner

Financial Regulation International Financial Institutions

Tue, Mar 17, 2020

Cohen in Forbes: Central Asia needs a financing solution to low oil prices

In the News by Atlantic Council

Central Asia Energy & Environment

Mon, Mar 16, 2020

The coronavirus recession deepens financial market turmoil

On balance, the global market turmoil—even in the face of central bank easing —shows the limits of monetary policy . It also suggests that investor confidence won’t be restored until there are clear signs of the COVID-19 pandemic peaking outside of China and that major governments can implement appropriately sized and well targeted fiscal stimulation programs to support the economy—particularly those most impacted by the pandemic.

New Atlanticist by Hung Tran

Coronavirus Financial Regulation