IMF faces defining challenges, Climate crisis will bring global stagflation, and more
THE WEEKEND REVIEW
Latest opinion and analysis from OMFIF around the world
15-19 November 2021, Vol.12 Ed.46
Most-Read Commentary
IMF faces defining challenges: The International Monetary Fund saturates the airwaves with flashy work on climate and re-channelling special drawing rights. But defining challenges for its future and reputation will soon descend upon it. They have to do with how the Fund manages implementation of the common framework on unsustainable low-income country debt and deals with its perennial enfant terrible – Argentina. Despite having signed the framework, China is a reluctant participant. The IMF’s reputation is on the line, writes Mark Sobel.
Commentary
Climate crisis will bring global stagflation: How much power do central banks have to address the climate change crisis? The answer, it would seem, is not much, especially if the implementation of global climate policy is postponed. Climate change will have a global stagflationary effect overall and will need to be addressed by tighter monetary policy, writes Taylor Pearce.
Video
The European payments and digital assets conference: The effectiveness of CBDCs depends on the level of co-operation between public and private institutions. Through co-operation, we can ensure integration with existing payment systems, support innovation and more. This conference focused on how digitalisation can promote European sovereignty and integration.
Podcast
Scaling up carbon-offset markets: After COP26, what can be done to reduce carbon emissions, reach net zero and implement measures to protect natural capital? In this podcast, OMFIF’s Emma McGarthy talks to David McNeil, director and head of climate risk at Fitch Ratings, on the latest developments in carbon-offset markets and the work Fitch is doing in this space.
Obituary
Hilmar Kopper, a giant of European banking: Hilmar Kopper epitomised a bygone era of European banking. The former head of Deutsche Bank, who died last week at the age of 86, was a gentleman banker to his core. He ran Deutsche in the 1990s, when it was the bank that all others watched and many feared, write John Orchard and Clive Horwood.
