Eswar Prasad and Lei Ye examine the role of China’s currency in the global economy, arguing that while the renminbi is becoming more important globally, it is unlikely to challenge the dollar anytime soon.
Source: Brookings
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Posted on October 31st, 2011
The November 2011 Group of Twenty (G-20) meeting in Cannes has unfortunately acquired a sense of drama similar to that of the first two G-20 meetings: the Washington November 2008 meeting and the London April 2009 meeting. At that time, the world economy and the global financial sector were facing a real emergency. [...] Posted on October 24th, 2011
Financial markets and the governments of advanced economies around the world are inextricably tied together in an unbreakable marriage. The two sides need each other. Governments borrow huge sums of money and, for its part, the financial system requires a large base of safe, liquid assets to function efficiently. In some times and [...] Posted on September 28th, 2011
This report was written by The Committee on International Economic and Policy Reform, a non-partisan and non-ideological group of independent experts, comprised of academics and former government and central bank officials. The objective of the group is to analyze global monetary and financial problems, offer systematic analysis and advance reform ideas that would [...] Posted on June 2nd, 2010
When experts and pundits are asked what the president and Congress should do to promote economic growth, they typically respond with a list of policies, often mixed with stylistic and political suggestions. Few focus on institutional change, which is too easy to conflate with yawn-inducing “governmental reorganization.” This neglect of institutions is [...] 2 pages
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