By Neil Williams
By debating the size of their balance sheets, central banks are showing the first sign since Covid-19 – and for only the second time since the 2008 financial crisis – that they may be worrying about excessively loose policy and the growing addiction to quantitative easing. To take some of the heavy lifting away from rate rises, quantitative tightening offers a useful, extra lever to pull. Passive QT could be the gentlest way of tightening – in effect, by doing nothing.
| Structural reforms required to safeguard democratic future?|
By Sunil Sharma and William White
Macroeconomic stabilisation policies cannot address the deep structural problems that confront many advanced democracies. Pretending that they can poses a threat to democracy itself as a worsening economic reality increasingly disappoints popular expectations.
IMF World Economic Outlook and Global Financial Stability Report
Tuesday 3 May, Roundtable
Following the IMF/World Bank spring meetings, Fabio Natalucci, deputy director, monetary and capital markets department, IMF, and Petya Koeva Brooks, director, research department, IMF, join OMFIF’s US chair, Mark Sobel.
| ON DEMAND |
Future for multilateralism and role of development banks
This joint OMFIF-DBS Bank panel focuses on the role multilateral development banks will play in a post-Covid-19 world. It brings together leading development banks to discuss ways of supporting the global economic recovery, manage debt sustainability and strengthen financial co-operation.
| Gender Balance Index 2022|
The path for women to reach the top of leading financial institutions is slowly opening up, but the industry still falls far short of where it needs to be. OMFIF’s Gender Balance Index 2022 reveals gradual but not fundamental progress in the representation of women in the upper echelons of global finance.