To understand the implications of a fractured trading system, let’s use the period known as hyper-globalisation, or globalisation 2.0, as…
At the recent BRICS summit in Johannesburg, the leaders of Brazil, Russia, India, China and South Africa said they wanted…
Otaviano Canuto discusses the ongoing role of the greenback in international monetary systems... There has been talk of “de-dolarisation” of…
The possibility of multiple financial shocks lies ahead. Three significant changes to the macro-economic policy regime in advanced economies have…
Unemployment and wage rates are theoretically linked, and may hold a key to our immediate economic future. Current global stagflation…
Weaker performance of emerging markets is expected in the immediate future. This year began with simultaneous signs of a slowdown…
Commodity prices have recovered their 2020 losses and, in most cases, are now above pre-pandemic levels (Figure 1). The pace…
Many donor countries seem eager to see middle-income countries (MICs) graduate to non-client status in multilateral development institutions before achieving…
While the economic recovery around the world remains uneven, fragile, and unbalanced across sectors, financial markets are generally doing very…
U.S. stock and corporate bond markets performed extraordinarily well from the March financial shock caused by covid-19 to the end…