Are we asking the right questions about de-dollarisation? By Taylor Pearce There is no fiat currency that poses a serious threat to the dollar’s dominance in the current global financial…
OMFIF Weekly Review
Too much asked of special drawing rights in tackling climate change By Mark Sobel Trillions of dollars are needed to meet the goals of the 2015 Paris agreement. Copious proposals…
Slow gender equality progress sees historic milestones By Arunima Sharan While progress towards the goal of gender equality and diversity in the global economy remains slow, the past year witnessed…
A two-state solution will be hard-fought By Meghnad Desai The war in Israel/Palestine represents a reverberating continuation of the quarrels of the last two millennia. There is no feasible solution…
Digital currency ecosystem brimming with confidence By Lewis McLellan An air of quiet confidence suffused the Digital Monetary Institute symposium, held on 10-11 May in London. Despite the battering that…
India poised between global clout and looming domestic threats By Arunima Sharan India soars as the fifth largest economy in the world, surpassing Germany, Japan and the UK. However, a…
Inflation Reduction Act: good for the planet, bad for diplomacy By Taylor Pearce Since it was signed into law in August 2022, reception of the US Inflation Reduction Act has…
Should reducing inequality be a central bank mandate? By Julian Jacobs Traditional monetary theory holds that central banks are guided by a mandate of protecting price and financial stability. Yet…
Ample liquidity puts the ECB’s independence at risk By Ignazio Angeloni The European Central Bank’s policy orientation – a rapid series of small interest rate increases to rein in inflation…
Disentangling India’s new national carbon market By Kamya Choudhary and Rob Macquarie India’s emissions are the third-largest globally (although much lower in per capita terms), and its government is taking…
Smaller sovereigns opting for flexibility with debut ESG issuance By Burhan Khadbai European sovereign borrowers with smaller funding programmes are developing broader environmental, social and governance bond frameworks given the…
Low expectations for G20 leaders’ summit, The UK growth anxiety is nothing new, and more
Low expectations for G20 leaders’ summit By Mark Sobel G20 leaders gather in Bali, Indonesia, on 15-16 November amid an increasingly gloomy global outlook, growing fragmentation and cries for collective…
Population and financial rollercoasters: products of climate change By John Adams The world has witnessed constant migration away from wars, droughts, famines, and misery. Worse may be yet to come,…
The true price of fashion By Sarah Moloney The environmental impact of fashion is plain to see. The industry emits 10% of total annual global emissions, equivalent to the amount…
Power, philosophy and heroism of central bankers By David Marsh Who will prevail in the struggle to apportion guilt as some larger industrial countries teeter towards stagflation? The answer will…
One small step for UK monetary policy, one giant leap for the MPC By Neil Williams By raising Bank Rate by 50 basis points on 4 August – the Monetary…
EU shouldn’t lead Ukraine’s reconstruction, Biden will have to get creative on climate goals, and more
EU shouldn’t lead Ukraine’s reconstruction By Mark Sobel Nothing should distract the global community from stopping Russia’s heinous aggression against Ukraine and providing essential near-term support to keep Ukraine’s government…
Financial markets will keep betting against the euro, African sovereigns should prepare for green bond opportunities, and more
Financial markets will keep betting against the euro By Lorenzo Codogno What’s wrong with the euro? Again and again, we end up discussing its instability and the relentless attempts by…
The chill winds of the crypto winter By Philip Middleton Does the carnage in the crypto markets indicate the implosion of a black tulip bubble which will shortly become as…
Fed will maintain tightening – but soft landing still possible By OMFIF The US Federal Reserve is likely to carry on with active monetary tightening to break 8%-plus inflation even…
Bungled monetary policy raises stakes for issuers and investors, High inflation challenges central banks’ green push, and more
Bungled monetary policy raises stakes for issuers and investors By Philip Moore Inflation and geopolitics have become the primary concerns of global public investors, supplanting the winding-down of central bank…
Put CBDCs on the back burner for now By Herbert Poenisch As most central banks research introducing digital currencies, the world is embroiled in an inflationary storm not seen in…
Clearing the path for women, Non-transitory inflation may force BoE to raise unemployment, and more
Clearing the path for women By Yasmin Masithela The emphasis on rights and equality in the workplace has never been more pronounced and important. Yet we’ve only seen a slight…
Central banks still finding their digital niche, How to insure against the risk of stablecoin runs, and more
Central banks still finding their digital niche By Mausi Owolabani Digital assets and central bank digital currencies could provide alternative payment solutions for consumers and should supplement rather than replace…
Reasons to be optimistic about China’s recovery, How to insure against the risk of stablecoin runs, and more
Reasons to be optimistic about China’s recovery By Andy Rothman With Covid-19 in retreat, the Chinese government has an opportunity to return to a more pragmatic approach to public health and the…