Content

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

New Atlanticist

Apr 27, 2020

IMF managing director urges more global action to soften coronavirus’ economic toll

By David A. Wemer

As the global economy continues to absorb the shock of the coronavirus pandemic, International Monetary Fund (IMF) Managing Director Kristalina Georgieva urged policymakers to commit more money to recovery efforts. “Do as much as you can,” she said on April 27, “then do a little bit more.”

Coronavirus Inclusive Growth

New Atlanticist

Apr 22, 2020

The pandemic’s next stop: The financial system

By Bart Oosterveld

The peak of bank failures closures during the Global Financial Crisis happened two years after the collapse of real estate prices—there is an argument that there may be some time before the financial sector’s reserves are depleted. The wider picture however shows gyrating equity and commodity markets, very high unemployment, and a fragmented ‘reopening’ picture. All in all, the moment of the need for a meaningful injection of capital, whether from private markets or from the taxpayers, is approaching.

Coronavirus International Financial Institutions

In the News

Apr 20, 2020

Younus in his podcast “Pakistonomy,” episode 14: Dr. Miftah Ismail

By Atlantic Council

Coronavirus Economy & Business

In the News

Apr 9, 2020

Chhibber in the Financial Express: India needs an economic package for revival

By Atlantic Council

Coronavirus Economy & Business

New Atlanticist

Apr 2, 2020

Forging the Four Freedoms Initiative for prosperity and peace in the Balkans

By Marko Čadež

To demonstrate their readiness to fulfill the responsibilities associated with full-fledged membership in the world’s largest common market, the countries of the region launched the Western Balkans Four Freedoms Initiative to bring down barriers to intra-regional trade, travel, and labor movement. While not identical to Roosevelt’s plans, this project seeks to ensure the same outcome of peace and prosperity through liberty, opportunity, and growth.

International Markets Macroeconomics

New Atlanticist

Apr 1, 2020

The coronavirus economic crisis: Supporting the weak links

By Hung Tran

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.

Coronavirus International Financial Institutions

New Atlanticist

Apr 1, 2020

Europe needs a quick economic coronavirus response: The ESM can provide it

By Bart Oosterveld

A rapid and flexible deployment of the €410 billion lending capacity of the European Stability Mechanism (ESM) is urgently needed to support the policy initiatives launched to combat the coronavirus crisis throughout Europe. The sooner the Eurogroup of finance ministers can return to something akin to this sensible compromise position suggested by its President Mario Centeno last week, the better.

Coronavirus European Union

EconoGraphics

Apr 1, 2020

Coronavirus versus financial crisis: US policy responses compared

By Ole Moehr | Graphics by Nikolai Albishausen

A look at the economic harm done so far and contrasts the measures taken by the Federal Reserve (Fed), Congress, and the G20 in response to coronavirus.

Economy & Business Macroeconomics

New Atlanticist

Mar 31, 2020

Europe’s economic emergency is also a geopolitical one

By Benjamin Haddad and Josh Lipsky

European leaders are deciding the future of European power on the world stage. If Europeans can’t ensure solidarity with each other after so much pain and sacrifice, it will not only be a devastating loss for Europe. It will also be a blow to a world looking for the political shape of a post-coronavirus world.

Coronavirus European Union

Experts