G20 is not up to today’s policy challenges, New Bundesbank chief should go green and digital, and more
Latest opinion and analysis from OMFIF around the world
25-29 October 2021, Vol.12 Ed.43
G20 is not up to today’s policy challenges: All eyes will turn to Rome this weekend and the 2021 G20 leaders’ summit. These summits exist to tackle key global challenges and the Rome meeting comes at a perilous time. Yet given rising nationalism, international tensions and insufficient co-operation, the probable outcomes hardly befit the gravity of the moment — through no fault of the Italian presidency. A workmanlike, professional and unexciting Rome summit is likely, writes Mark Sobel.
New Bundesbank chief should go green and digital: Germany has the opportunity of turning the Bundesbank into a leader in climate mitigation and digital technology. The Bundesbank is no longer responsible for Europe’s monetary policy. Jens Weidmann’s resignation underlined the Bundesbank president’s loss of power, write David Marsh and Danae Kyriakopoulou. Read more.
Economic future of Latin America: Covid-19 has hit Latin America hard. While a bounce-back of sorts is already underway, two decades of disappointing economic performance in comparison to other emerging market regions has left doubts in many analysts’ minds. OMFIF convened a panel of Latin America experts to plot the economic future of the region. Watch.
Cryptocurrencies and digital assets: The growth of digital currencies continues to upend the traditional financial landscape. Jesse McWaters, global head of regulatory advocacy at Mastercard, joins Patricia Haas Cleveland, OMFIF’s US president, to discuss the key drivers of the growth of cryptocurrencies. Listen.
The post-coal economic opportunity: The race is on to ‘consign coal power to history’. This has been misinterpreted as being at odds with the objectives of economic development. But the opportunities for returns from the transition to net zero suggest that coal is not necessary to economic development, writes Danae Kyriakopoulou. Read more.