Content

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 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

EconoGraphics

May 8, 2020

US States’ Covid-19 Response – Short-Term Pain = Long-Term Gain?

By Ole Moehr | Graphics by Nikolai Albishausen and William Bonney

This edition of the EconoGraphic compares Covid-19’s impact with previous economic shocks, presents data on how public health restrictions influenced economic recoveries during the Spanish Flu, and contrasts US states’ reopening decisions with unemployment trends across the country.

Economy & Business Future of Work

New Atlanticist

May 7, 2020

Achieving supply chain independence in a post-COVID economy

By Michael Greenwald

The United States can no longer remain content with the notion of a Chinese economic threat arising in the distant future. The advent of COVID-19 has made it more apparent than any other time including the US-China trade War that now is the moment for the United States, European Union, and other like-minded countries to diversify supply chains away from China.

China Coronavirus

New Atlanticist

May 7, 2020

The coronavirus crisis highlights the need to diversify risk sharing in Europe

By Sona Muzikarova

Capital markets have been one of Europe’s policy ‘slow-burn’ issues. The coronavirus crisis rearing its ugly head over Europe, along with Brussels’ slow coming together in formulating a shared rescue package, have reignited the need to balance public and private risk sharing and to diversify funding for European businesses.

Coronavirus European Union

New Atlanticist

May 6, 2020

German court decision complicates ECB coronavirus efforts

By Ole Moehr

“This is time for solidarity and boldness in the European response to this unprecedented crisis. Unfortunately, the [German] Court's decision endangers the ability of the Bundesbank to participate in the ECB's program in the long run. Besides, it undermines the authority of the European Court of Justice (ECJ) and could provide a worrying precedent for states asserting their sovereignty with illiberal measures against the rule of law in Europe,” Benjamin Haddad says.

Coronavirus European Union

In the News

May 5, 2020

Younus in Dawn News: Creative and bold policy measures are critical for the post-Covid economy, but will Imran Khan walk the talk?

By Atlantic Council

Economy & Business Fiscal and Structural Reform

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 International Markets

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

May 4, 2020

Fiscal responses to the coronavirus pandemic: Next steps

By Hung Tran

Overall, the differences in magnitudes and compositions of fiscal programs by countries around the world imply uneven and staggered recoveries, making them more protracted. In designing the next wave of fiscal packages, it is important to learn from recent experiences so as to better balance their various elements to be more effective.

Coronavirus Inclusive Growth

Experts

Events