As central banks implement coronavirus rescue plans, has moral hazard been forgotten?

New Atlanticist Mar 13, 2023

The Fed’s tightening is a recipe for global volatility. Silicon Valley Bank’s collapse is just the start.

By Martin Mühleisen

In this volatile environment, it may take less than a historic shock to cause severe disruption. Governments and central banks around the world better be prepared.
Economy & Business Financial Regulation
As central banks implement coronavirus rescue plans, has moral hazard been forgotten?

UkraineAlert Feb 9, 2023

Countering Russian threats to global financial security

By Benton Coblentz

Russia and its proxies have long exploited the rules-based global financial system for their personal gain and in service of Moscow’s geopolitical strategy, but the invasion of Ukraine has sparked calls for counter measures.
Conflict Corruption
As central banks implement coronavirus rescue plans, has moral hazard been forgotten?

Econographics Jan 26, 2023

Global Sanctions Dashboard: How sanctions will further squeeze the Russian economy in 2023

By Charles Lichfield, Maia Nikoladze, and Castellum.AI

The effects of sanctions on the Russian economy; Venezuela’s pursuit of lifting energy sanctions; the plans for screening EU-US outbound investment going into China.
China Economic Sanctions

Content

New Atlanticist

Jul 28, 2020

As central banks implement coronavirus rescue plans, has moral hazard been forgotten?

By Hung Tran

With financial markets beginning to astoundingly recover, despite continued economic pain and an uncertain pandemic picture, the fear of moral hazard seems to have been forgotten.

Coronavirus
Financial Regulation

Issue Brief

Jul 7, 2020

Trade and financial fragmentation: New challenges to global stability

By Robert A. Manning

There is greater uncertainty today about the future of global trade than at any time since the post-World War II trading system was created seven decades ago. This was true before the COVID-19 pandemic froze much of the world economy; the health crisis has added a new layer of uncertainty. We are at a historic inflection point: the global trade regime urgently needs renovation and updating to meet new challenges, yet it is fraying and fragmenting.

China
Digital Policy

UkraineAlert

Jul 1, 2020

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

By Anders Åslund

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.”

Financial Regulation
Macroeconomics
gtc photo of currencies in jars

Digital currencies

May 26, 2020

Going deeper: Central bank digital currencies and how best to design them to benefit everyone

By Corina DuBois

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?

Cybersecurity
Digital Currencies

UkraineAlert

May 13, 2020

Ukraine approves crucial anti-oligarch banking law

By Anders Åslund

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.

Corruption
Economy & Business

Digital currencies

May 13, 2020

Revamped Libra takes further steps to gain credibility

By Michael Greenwald

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.

Digital Currencies
Financial Regulation

New Atlanticist

May 4, 2020

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

By Bart Oosterveld

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.

Coronavirus
European Union

New Atlanticist

Apr 20, 2020

Coronavirus will worsen India’s non-performing loan problem

By Ketki Bhagwati

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.

Coronavirus
Financial Regulation

New Atlanticist

Apr 2, 2020

The United States’ stealth diplomat: The Federal Reserve

By Robert Dohner

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.

Financial Regulation
International Financial Institutions

In the News

Mar 17, 2020

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

By Atlantic Council

Central Asia
Energy & Environment
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Experts

European Leadership Accelerator Participant

Kipkorir Koskei

2025 European Leadership Accelerator participant

Millennium Leadership Program

Africa Energy Markets & Governance

Fellow

Danuta Hübner

Distinguished Fellow

Europe Center

Democratic Transitions Economy & Business

Fellow

Jesse Sucher

Nonresident Senior Fellow

Economic Statecraft Initiative GeoEconomics Center

China East Asia

Advisory Council member

Leticia Ossa Daza

Partner, Paul, Weiss, Rifkind, Wharton & Garrison

Adrienne Arsht Latin America Center

Americas Colombia

Fellow

Sarah Bauerle Danzman

Nonresident Senior Fellow

Economic Statecraft Initiative GeoEconomics Center

Economy & Business Financial Regulation

Fellow

Emilie Bel

Nonresident Senior Fellow

Africa Center

Africa Economy & Business
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