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Fri, Apr 10, 2020

Breadbasket Ukraine must not prohibit grain exports

Ukrainian policymakers are reportedly discussing the prohibition of grain exports. This could have a disastrous impact on the economy while also damaging ties with Ukraine's international partners.

UkraineAlert by Anders Åslund

International Financial Institutions Trade

Wed, Apr 8, 2020

Can we compare the COVID-19 and 2008 crises?

There are more differences than similarities in comparing both crises, and others may still emerge as time goes. History doesn’t repeat itself; it stutters. And, of course, what will matter afterwards is to really draw the appropriate lessons to revisit our development models and better prevent and/or limit future crises.

New Atlanticist by Marc-Olivier Strauss-Kahn

International Financial Institutions International Markets

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

Wed, Apr 1, 2020

The coronavirus economic crisis: Supporting the weak links

In the present pandemic crisis, major countries have moved more quickly, offering more substantial monetary and fiscal support packages, including better targeted programs than in 2008-09. The challenge now is to quickly deliver the help to the weak entities which need liquidity the most. After all, any system is only as strong as its weakest link.

New Atlanticist by Hung Tran

Coronavirus International Financial Institutions

Tue, Mar 31, 2020

Zelenskyy resurrects his reformist credentials as coronavirus crisis looms

March 30 was a big day for Ukraine with major changes in parliament that reversed the anti-reform backlash underway in the country since March 4 and provided President Zelenskyy with fresh political momentum as the coronavirus crisis escalates.

UkraineAlert by Anders Åslund

Coronavirus Democratic Transitions

Mon, Mar 30, 2020

Two historic votes for Ukraine

In an emergency session as the country grapples with the coronavirus crisis, Ukraine's parliament has voted for two bills that will open the way to new financing from the IMF and other international partners.

UkraineAlert by Iuliia Mendel

Democratic Transitions International Financial Institutions

Fri, Mar 27, 2020

US coronavirus stimulus package offers some relief, but economic pain will remain

US lawmakers are near final passage of an unprecedented stimulus package to help the US economy weather the storm of the coronavirus crisis, but that does not mean that all of the economic damage can be prevented. Jason Furman said he was “impressed by how much Washington has done, how quickly it has done it, how comprehensively it has done it,” but added that he is “worried that all of that won’t be enough for…an economy that is shutting down in such an unprecedented way.”

New Atlanticist by David A. Wemer

Coronavirus International Financial Institutions

Sun, Mar 22, 2020

Ukraine urgently needs a new IMF agreement

Ukraine is facing major economic turmoil as a result of poor political decisions in the midst of an unfolding global crisis sparked by the coronavirus pandemic. The country now urgently needs to secure a new IMF agreement, argues Anders Åslund.

UkraineAlert by Anders Åslund

Economy & Business International Financial Institutions

Sun, Mar 22, 2020

What the G20 needs to do to combat the global coronavirus economic crisis

The stakes for the upcoming G20 virtual summit are quite high. Either it succeeds in presenting a plausible global approach to deal with the pandemic and its impact, thus stabilizing public confidence and financial markets, or it can leave the world rudderless in the storm.

New Atlanticist by Hung Tran

Coronavirus International Financial Institutions

Wed, Mar 18, 2020

The global economic policy response to coronavirus takes shape

Governments and central banks globally have been engaged in an initial round of measures to blunt the anticipated economic impact of the spread of the virus, including making funds available, lowering key interest rates, intervening in funding markets, and supporting emergency lending.

New Atlanticist by Bart Oosterveld

International Financial Institutions International Markets