The current bout of high inflation began with unprecedented price rises for gas and oil due to Russia’s invasion of Ukraine. The geopolitical unrest in eastern Europe could lead to new price surges at any time. It is fast becoming clear that the best way to protect Europe against such price shocks is to accelerate the energy transition, thereby reducing its dependence on gas and oil.
The current generation of Japanese graduates can look forward to achieving something that, unfortunately, looks increasingly unlikely for their peers in other advanced industrial economies.
Brics is often portrayed as a rising counterweight to a US-led G7 and established global governance order, plus a potential threat to dollar dominance. The hyperbole is woefully exaggerated.
William Dudley, former President of the Federal Reserve Bank of New York and US monetary policy expert, joins Mark Sobel, US chair of OMFIF. They will assess the state of and outlook for US monetary policy.
Daniel Nagy, business analyst, CBDC at Giesecke+Devrient, joins Lewis McLellan, editor of OMFIF’s Digital Monetary Institute, to discuss how central bank digital currencies might help address the challenges of the cross-border payments market.
This edition of the Bulletin sheds light on the challenges and opportunities presented by changing population dynamics. Some contributors note that shifting demographic patterns are cause for alarm, while for others, the message is not all doom and gloom.
