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When it’s better to be a debtor, Covid-19 and infrastructure stimulus, and more

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When it’s better to be a debtor, Covid-19 and infrastructure stimulus, and more

THE WEEKEND REVIEW 

Latest opinion and analysis from OMFIF around the world

17-21 August 2020, Vol.11 Ed.32

Most-Read Commentary

When it’s better to be a debtor: A new era of inflation – or deflation – would create financial winners and losers among the world’s major lender and borrower economies. An inflationary macroeconomic environment tends to benefit holders of equities and punish holders of bonds. For most advanced debtor economies, equities take up a higher share of foreign assets than foreign liabilities. This means that an inflationary world economy would help to reduce the NIIPs of debtor economies. A deflationary one would have the opposite effect, writes Chris Papadopoullos.   Read more.

Commentary

Dollar faces years of depreciation: Factors that contributed to the dollar’s rally since its 2011 lows have started to reverse. However, it remains sensitive to global risk sentiment. Several factors will drive a multi-year depreciation in the greenback, but not all the time, writes Rajeev de Mello. Read more.

Commentary

Covid-19 and infrastructure stimulus: Infrastructure investments formed a significant part of stimulus programmes following the financial crisis. This type of spending is cited as a necessary element of Covid-19 recovery packages. But not all initiatives will be equally effective, writes Vivien Foster. Read more.

Podcast

Managing the global economic slowdown: The International Monetary Fund must take many considerations into account in its handling of the global economic downturn. Antoinette Sayeh, deputy managing director of the IMF, joins Mark Sobel to discuss the IMF’s response to the crisis and ways forward. Listen to the recording.

DMI Journal

Asia takes off: Central bank digital currency activity is accelerating in Asia. This edition of the DMI Journal takes the region as its inspiration with accounts of digital projects from both private and public sectors, stretching from China to Manila via Bangkok and Singapore. We also highlight a pair of projects from Europe. Download the DMI Journal.

 

 

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