Moralising foreign policy is doomed to failure, Walking the tightrope to net zero, and more
THE WEEKEND REVIEW – OMFIF
Latest opinion and analysis from OMFIF around the world
1-4 June 2021, Vol.12 Ed.22
Moralising foreign policy is doomed to failure: Global conditions have changed fundamentally in the past few years. The US is asking Europe to join its anti-China campaign. Are there no alternatives to a new cold war? At times of great upheaval and change, we should work on producing stable international relationships. We must engage in dialogue and strengthen multilateral structures. This offers the best way to work together – even with difficult partners, writes Gerhard Schröder.
Walking the tightrope to net zero: In adapting their policies to the challenges of climate change, central banks and regulators need to weigh potential pitfalls carefully. These fall broadly into two groups. In both cases, there could be repercussions for the credibility of central bankers and regulators, writes Dimitri Demekas. Read more.
Fireside chat with the Federal Reserve Bank of St Louis: Over the last year, the US government and the Fed have taken actions to steady the US economy and global dollar liquidity. James Bullard, president and CEO of the St Louis Fed, joins David Marsh, chairman of OMFIF, to discuss the Fed’s policies, outlook for the US economy and more. Watch.
Cloud as an enabler of financial inclusion: OMFIF’s Bhavin Patel joins Serey Chea, director general of the National Bank of Cambodia, and Agne Makauskaite, Asia Pacific head of public policy for regulated industries at Amazon Web Services to review how technology can help overcome some of the challenges faced by excluded groups and create economic opportunities. Watch.
Johnson’s biggest test is yet to come: In a global minefield, the British prime minister will find steering the economy is fraught with danger. Economic policy must tackle inequality. This will be Johnson’s crucial test. He will muddle into inflation, leaving radical tax reform as the only escape. This raises still more urgently the need for a UK wealth tax, writes Brian Reading. Read more.