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Flattening the debt curve, The evolving role of Swift and more

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Flattening the debt curve, The evolving role of Swift and more

THE WEEKEND REVIEW  OMFIF

Latest opinion and analysis from OMFIF around the world

22-26 June 2020, Vol.11 Ed.24

Most-Read Commentary

Flattening the debt curve: Throughout this crisis, household, business and government debt has risen. With Covid-19, the only effective strategy was flattening the curve through firm action to contain the virus. Similarly, the debt crisis could spread as escalating non-payment produces a domino effect. The market’s confidence in a medium-term recovery is key. Investment in financial markets will be one sign of confidence. As the debt mountain is flattened, the default casualties decrease, writes Herbert Poenisch. Read more.

Podcast

The evolving role of Swift: Swift plays a vital role moving money around, acting as a lifeline for trade and economic activity. Michael Moon, managing director of payments and trade at Swift, joins Bhavin Patel of OMFIF to discuss how Swift’s role in global payment systems is changing as payments become increasingly digitised. Listen.

Podcast

Strategic cost transformation in asset and wealth management: Marcin Stepan and Mike Lee, EY’s global wealth and asset management leader, discuss the pandemic’s effect on asset management. They focus on the financial fallout from the crisis as companies face shrinking revenues and operating margins. Listen.

Commentary

IMF’s epic virus challenge: Covid-19 presents dire economic circumstances for emerging markets and developing countries. The pandemic raises fundamental challenges for the IMF. It is the world’s premier balance of payments lender. Yet, its resources are limited. The impact of the virus on the IMF has only begun, writes Mark Sobel. Read more.

Commentary

Theatre but no drama over ECB easing: The wrangle over a threatened constitutional court ban on Bundesbank participation in ECB quantitative easing was provisionally settled this week. Here are six consequences of the 5 May Karlsruhe verdict that will preoccupy ECB watchers within and beyond Germany, writes David Marsh. Read more.

 

 

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