Central bankers target currency markets and sustainable recovery
Monday 5 July 2021 – Vol.12 Ed.27.1
Commentary: Currency intervention can help counter Covid crisis
By Adam Glapiński in Warsaw
Emerging market central banks have successfully widened their arsenal of monetary measures to mitigate the economic effects of Covid- 19. One of these methods is to accrue large foreign exchange reserves. This helps ensure that they do not suffer economic setbacks from larger countries’ massive quantitative easing. With the top five central banks’ total assets accounting for almost 28% of global GDP, smaller countries have a right to defend themselves.
Read the full commentary on the website.
Commentary: How to recover sustainably and equitably
By Danae Kyriakopoulou in London
Health, environmental, economic and social crises are converging into one difficult moment. In designing the recovery from Covid-19, the focus should be on how to move forward sustainably and equitably. This will entail a shift from short-term narrow thinking and accounting to long-term vision that erases false trade-offs between sustainability and profit. Central banks, including the Federal Reserve, have a key role to play to get us there.
Read the full commentary on the website.
