Content

New Atlanticist

May 27, 2020

A new era in financial diplomacy: The third evolution of Bretton Woods

By Michael Greenwald

China has made significant waves by introducing its own digital yuan this past month. The United States should turn to its allies for support and cooperation in building an alternative to the Chinese solution for digital currencies.

China Digital Currencies

New Atlanticist

May 26, 2020

The WTO needs a new DG: No time for business as usual

By Marc L. Busch

Will the WTO finally pick a woman? Which continent “gets” the slot? And does the institution need someone from a developing country? These questions merit attention, but first, it’s time to ask why this isn’t “business as usual.”

International Financial Institutions Trade and tariffs

In the News

May 20, 2020

Director Josh Lipsky and Jeremy Mark’s Op-Ed in Project Syndicate on Debt Relief for Developing Countries

By Josh Lipsky

Read the full article here.

International Financial Institutions

New Atlanticist

May 18, 2020

Partial Eurobond not the answer to Europe’s coronavirus economic downturn

By Bart Oosterveld

Some have argued that a partial Eurobond instrument, backed for example by France, Italy, and Spain, could be set up as a risk sharing and/or solidarity tool to partially finance the recovery out of the economic downturn caused by the pandemic. This is a truly awful idea as such an instrument would deliver none of the potential benefits of a Eurobond, while simultaneously creating asymmetric risks on capital markets.

Coronavirus European Union

In the News

May 14, 2020

Director Josh Lipsky Quoted in NY Times on Roberto Azevedo’s Resignation from the WTO

By Josh Lipsky

Read the full article here.

International Financial Institutions

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

New Atlanticist

May 11, 2020

How to deal with the coming pandemic debt crisis?

By Hung Tran

Even if inflation and interest rates remain low, the burden of servicing a quickly growing volume of debt will crowd out other important public expenditures, escalating the political fight over budgetary priorities amidst heightened social tension. It is important to have a public debate about post-pandemic fiscal strategy which is effective and equitable to deal with the aftermath of the crisis.

Coronavirus International Financial Institutions

New Atlanticist

May 5, 2020

Can we compare the COVID-19 and 2008 crises?

By Marc-Olivier Strauss-Kahn

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.

International Financial Institutions Macroeconomics

Event Recap

Apr 29, 2020

US commercial policy in Africa: A new normal?

By Africa Center

On Wednesday, April 29, the Africa Center hosted a virtual roundtable on the impacts of COVID-19 on US commercial policy toward Africa. The private discussion featured Ms. Victoria Whitney, the Chief Operating Officer of Prosper Africa, and Mr. Andrew Herscowitz, the Chief Development Officer at the US International Development Finance Corporation.

Africa Coronavirus

New Atlanticist

Apr 27, 2020

Financial markets pressure likely to force additional European action soon

By Bart Oosterveld

Markets are likely to test the resolve of policymakers to preserve the monetary union in the upcoming months, and the risk of a series of funding shocks remains elevated.

Coronavirus European Union

Experts